1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
11111nata11111 [884]
3 years ago
5

On January 1, 2018, Quinton Corporation issued 8% bonds with a face value of $100,000. The bonds are sold for $98,000. The bonds

pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 2022. Quinton Corporation records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31, 2018, is a.$8,400. b.$7,600. c.$8,000. d.$8,200.
Business
1 answer:
katen-ka-za [31]3 years ago
8 0

Answer:

a.$8,400

Explanation:

Amortization of bonds discount = (100000 - 98000)/5years  

                                                     = 2000/5

                                                     = 400

Interest expenses = interst on face value + amortization of bond discount

                             = (100000*8%) + 400  

                             = $8400

Therefore, The bond interest expense for the year ended December 31, 2018, is $8400.

You might be interested in
Emily is a cash-basis taxpayer, and she was an especially productive salesperson last year. In December of last year her supervi
maxonik [38]

Answer:

Constructive Receipt

Explanation:

the term constructive receipt is used when talking in terms of federal income taxes. This term is used to determine when a cash basis tax payer has gotten their gross income in the cash basis method of accounting. the individual here would be needed to pay tax on income even though that the money that  the money being taxed is has not been gotten yet by the individual. this income owner would be able to utilize the money although it has not yet been received.

5 0
3 years ago
Why do we need an organizational structure?
san4es73 [151]

Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency.

7 0
3 years ago
An investor sold mjs stock, a stock not currently owned in her portfolio. this is:______.
belka [17]

An investor has sold MJS stock, a stock not currently owned in her portfolio--------Bearish

What Is a Portfolio?

A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a portfolio.

What is a portfolio for a company?

The portfolio is a collection of the products, services and achievements of the company. The goal of a company portfolio is to create a presence of the business on the market, attract more customers and to show how the business differs from its direct competitors on the market.

What does bearish mean trading?

A bear is an investor who is pessimistic about the markets and expects prices to decline in the near- to medium-term. A bearish investor may take short positions in the market to profit off of declining prices. Often, bears are contrarian investors, and over the long-run bullish investors tend to prevail.

Learn more about bearish:

brainly.com/question/14078353

#SPJ4

8 0
2 years ago
Mcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product I49V
Pavel [41]

Answer:

c

Explanation:

3 0
4 years ago
If Amelia Twonsend spent $5,695 over 3 months, what is her average monthly expenditure?
irga5000 [103]
B is the answer so yea
8 0
3 years ago
Other questions:
  • The futures price of gold is $1,000. Futures contracts are for 100 ounces of gold, and the margin requirement is $3,000 a contra
    12·1 answer
  • Livesheer, a youth-focused clothing brand, signs a contract with the organizers of a music festival. Under the contract, the org
    8·2 answers
  • How long after a tax taking can a treasurer begin land court proceedings?
    6·1 answer
  • Select all that apply.
    9·2 answers
  • Wheres the best place for chicken tendies?
    13·1 answer
  • Banks' holding of deposits in accounts with the Fed, plus currency that is physically held in banks are called A) the monetary b
    15·1 answer
  • Never, Inc., earns book net income before tax of $500,000. In computing its book income, Never deducts $50,000 more in warranty
    5·1 answer
  • Ortega Industries manufactures 15,000 components per year. The manufacturing cost of the components was determined to be as foll
    11·1 answer
  • In the tradeoff between freedom, order, and equality, ____________ favor freedom the most, while _____________ favor equality th
    6·1 answer
  • when a firm charges a fee for the right to purchase a product plus a per-unit charge for each unit purchased, what type of prici
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!