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
marysya [2.9K]
4 years ago
10

On June 30, 2021, Crane Company had outstanding 7%, $8040000 face amount, 15-year bonds maturing on June 30, 2031. Interest is p

ayable on June 30 and December 31. The unamortized balance in the bond discount account on June 30, 2021 was $365000. On June 30, 2021, Crane acquired all of these bonds at 95 and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt
Business
1 answer:
Airida [17]4 years ago
3 0

Answer:

$7,675,000

Explanation:

The computation of the net carrying amount is shown below:-

Net carrying amount = Face amount - Unamortized balance in the bond discount account on June 30, 2021

= $8,040,000 - $365,000

= $7,675,000

Therefore for computing the net carrying amount we simply applied the above formula.

Hence, the net carrying amount is $7,675,000

You might be interested in
The minimum wage in 2008 was $6.55 cents until july 2008 when it was raised to $7.25. if the minimum wage in june was below the
eimsori [14]
<span>The answer in the blank is that employment of low-skilled workers increased in July. This is because the rate of the minimum wage increased by July compared to that of June. So there will be more employment process due to the increase of the salary, because more skilled workers wants to grab the opportunity of the increased salary.</span>
7 0
3 years ago
Which of the following costs is a mixed cost?
koban [17]

Answer:

3. Rental costs of $5,000 per month plus $.30 per machine hour of use

Explanation:

Mixed cost is the one which has both the factors, variable and fixed.

Sometimes, the segregation is also difficult, when the total cost is given.

In the chosen option also, there is a fixed cost involved that is monthly expense of $5,000.

Further for each hour of machine used the cost increases and is $0.30 per hour.

That is variable as the total will depend upon the number of hours the machine is used.

All the other three are either completely fixed like salary, and depreciation, or either completely variable like electricity cost.

7 0
3 years ago
A holder of Rainbow Funds convertible bonds with a $1,000 par and a $1,100 price can convert the bond to 25 shares of common sto
omeli [17]

Answer:

22.22%

Explanation:

Currently Rainbow's stocks are priced at $36 per stock.

If the holder can convert his $1,100 bond into 25 stocks, that means that each stock should be worth at least $44 (= $1,100 / 25).

So the current stock price should increase by $8 (= $44 - $36) in order for a trade to be attractive, $8 represents a 22.22% increase (= ($8 / $36) x 100)

7 0
3 years ago
The perimeter of a rectangle is 42cm and its area is 68cm2. Find its length and breadth.​
raketka [301]
<h2>Length = 4cm breadth = 17cm</h2>

Explanation:

Given P = 42 cm and Area = 68cm^2

<em>So we apply the above values to its formula to find length and breadth</em>

P = 2L + 2w = 42cm  

L + w = 21cm  (dividing the above statement by 2)

(21-w)w = 68cm^2    

w^2 - 21w + 68 = 0  (moving variables and framing equations)

(w - 17)(w-4) = 0 , w = 4cm,17cm    (calculating the values by using the equation)

Rectangle is 4cm by 17cm

7 0
3 years ago
Pella Corp. is headquartered in Carlisle, Wisconsin. Pella has a Wisconsin state income tax base of $434,000. Of this amount, $7
olga_2 [115]

Answer:

$12,642

Explanation:

The computation of the state tax liability is given below:

Tax Liability is

= [{(Income Tax Base - Non Business Income) × Apportionment Factor} + Allocated Non-  business Income] × tax rate

= [{($434,000 - $76,800) × 0.2852} + $61,900] x 0.0775

= [$101,873.44 + $61,250] ×  0.0775

= 163,123.44 × 0.0775

= $12,642

3 0
3 years ago
Other questions:
  • Realignment occurs when a reasonably stable pattern of party support based on a particular set of important issues is replaced b
    11·1 answer
  • All of the following are weaknesses of the payback method except:_______.
    11·1 answer
  • ABC had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. If the Retained Earnin
    11·2 answers
  • If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?
    13·1 answer
  • Why is it important to create a goal that is measurable?
    6·1 answer
  • What should i do for college?
    13·1 answer
  • Question 2 of 25
    15·2 answers
  • PLEASE ANSWER THESE IT WOULD BE A HUGE HELP
    15·1 answer
  • A recession within a nation will _________ imports directly, but the impact on the national economy is negative.
    10·1 answer
  • true or false a task performed every other month has a higher initiating event frequency than a task performed every week
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!