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Gre4nikov [31]
3 years ago
12

On January 1, Elias Corporation issued 7% bonds with a face value of $88,000. The bonds are sold for $85,360. The bonds pay inte

rest semiannually on June 30 and December 31 and the maturity date is December 31, 10 years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is
Business
1 answer:
IRINA_888 [86]3 years ago
5 0

Answer:

$6424

Explanation:

The bond interest expense for the year ended December 31 of the first year is

Interest Expense = $88,000 * 7% = $6160

Amotization Expense = ( $88000 - $85360) / 10 years = $264

Total Bond Interest Expense = $6160 + $264 = $6424

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Answer:

Craig Manufacturing Company operates its three production departments within a single facility. Each department produces its own products and maintains its own production equipment. Although they share a common facility, each department is overseen by a separate supervisor. Which one of the following costs is a direct cost of each department?

Production supervisor salary

Explanation:

Production supervisor salary serves as the overhead cost that is attribute to the production in the manufacturing company, it is direct cost for each department since every department has a supervisor

7 0
3 years ago
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3. interaction are examples of phatic communication are

Explanation:

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3 years ago
Suppose an investor is considering one of two investments that are identical in all respects except for risk. If the investor an
natali 33 [55]

Answer:

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Explanation:

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The "over-the-counter" market received its name years ago because brokerage firms would hold inventories of stocks and then sell
Svetradugi [14.3K]

Answer:

false

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