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
Sladkaya [172]
4 years ago
12

Jason Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an unamortize

d discount of $10,000, they were called in at 104. To pay for these bonds, Day had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 103 (face value $300,000).
Required:
Compute the gain or loss.
Business
1 answer:
Andru [333]4 years ago
8 0

Answer: Loss of $22,000

Explanation:

Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at

Net Carrying Value of Bonds

= Par value - Unamortized discount

= 300,000 - 10,000

= $290,000

Gain (loss) = 290,000 - (300,000 * 104)

= ($22,000)

You might be interested in
A tax on _____ is an indirect tax land buildings income gasoline
stira [4]
The answer for that question would be : Gasoline

Indirect tax is the the tax that could be shifted from one payer to another. In united states, the Gasoline tax is shifted the consumers so everytime the consumers choose to buy the product they not only pay for the actual products, but they also have to pay the tax that shifted from the company.
3 0
3 years ago
Read 2 more answers
Explain what debit and credit mean.
xeze [42]

Debits and credits are used in a company’s bookkeeping or or double-entry accounting.

Debits and credits are the bookkeeping entries that balance each other. Debits means all of the money coming into an account, while credits means all of the money going out of an account. When recording a transaction, every debit entry must have a corresponding credit entry of the same amount.

A debit entry is always kept on the left side of an entry. A debit increase asset or expense accounts, and decreases liability, revenue or equity accounts.A credit is always placed on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts.

To learn more about Debits and credits here

brainly.com/question/14747768

#SPJ4

6 0
2 years ago
In the U.S., cash takes which two forms
Natali5045456 [20]

its takes the form of paper money and coins

4 0
3 years ago
When closing a direct request, you should be sure to​
REY [17]

Answer:

When closing a direct request, you should be sure to​ include the times limits involved in your request.

Explanation:

In a business situation, where there is a lot of interaction in the business environment, information needs to be passed in such a way that it is clear and complete in the shortest amount of time. This means that good communication techniques are needed to ensure that the information is delivered and received in a clear and timely manner. One type of a form of communication technique is a direct request. A direct request is a type of communication where the person making the request is in direct contact with the receiver of the request. There are techniques that can be applied to ensure effective delivery of the information. These techniques are;

1. Let it be clear who you are talking to

2. Make the request clear and brief

3. Be sure to ask if there are any clarifications to the request

4. When closing the request be sure to include the time limits for which you want the request to be completed

5. Monitor the progress if the request was completed and correct where necessary

3 0
3 years ago
· what is organisation structure?
postnew [5]

Answer:

An organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities. The organizational structure also determines how information flows between levels within the company.

7 0
3 years ago
Read 2 more answers
Other questions:
  • ​Disney's Hong Kong Disneyland and Shanghai Disneyland work in combination with the Chinese governmentdashowned Shanghai Shendi
    7·1 answer
  • Yoonie is a personnel manager in a large corporation. each month she must review 16 of the employees. from past experience, she
    14·1 answer
  • Your task is to take this and construct a graphical representation of the data. in doing so, you determine that as the price of
    9·1 answer
  • A risk is something that causes the possibility of a loss.
    10·2 answers
  • A__________ gap exists when a firm knows what it needs to do to meet customers' service expectations but sometimes fails to do i
    15·1 answer
  • What is the purpose of cost allocation? why is it so important to allocate cost properly in a business?
    5·1 answer
  • Market bubbles such as the technology bubble of the 1990s and the housing bubble of 2004-2007 are best explained byA) the effici
    10·1 answer
  • Which statement BEST explains this investment?
    11·1 answer
  • A task has an optimistic completion time of 4 days, a most likely time of 10 days, and a pessimistic time of 13 days. The expect
    9·1 answer
  • YOUR ASSIGNMENT: 1. You are a single person with no dependents, earning a salary of $47,810. You have no adjustments to your inc
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!