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TiliK225 [7]
3 years ago
9

On January 1 of the current year, Barton Corporation issued 11% bonds with a face value of $105,000. The bonds are sold for $99,

750. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is a.$13,125 b.$12,600 c.$5,775 d.$525
Business
1 answer:
Aleonysh [2.5K]3 years ago
3 0

Answer:

b.$12,600

The bond effective interest expense for the year ended December 31  is $12,600

Explanation:

We need to get the computation of the discount value of the bond using the straight-line method first and Interest Earned

Discount Value= (Face Value - Sales Value) / Years

D.V= $105,000 - $99,750 / 5

D.V= $1,050 Per year

Interest Expenses= Face Value * Bond issued

=$105,000 * 11%

=$11,550

We need to Compute the interest expense of the bond as well

Bond Interest Expenses = Interest Expense + Discount Value

=$11,550 + $1,050

=$12,600

The bond effective interest expense for the year ended December 31  is $12,600

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It is an example of the shoes leather costs.

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4 years ago
In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your ba
WINSTONCH [101]

Answer:

(B) subtract both values from balance according to books

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Therefore, such amount shall also be deducted from accounting records.

Thus both such amounts shall be deducted from balance according to books.

5 0
3 years ago
It is important to determine the amount of traffic using a particular site, visits to the blogs, or tweets about the site. A mea
NeTakaya

It is important to determine the amount of traffic using a particular site, visits to the blogs, or tweets about the site. A measure used for this purpose is the number of of hits that that are on a particular page.

<h3>What is meant by the hits on a page?</h3>

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Hence we would say that It is important to determine the amount of traffic using a particular site, visits to the blogs, or tweets about the site. A measure used for this purpose is the number of of hits that that are on a particular page.

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3 0
2 years ago
You are involved in a car accident and a stranger contacts you offering a quick cash settlement and doesn’t want to deal with th
soldi70 [24.7K]

Answer:

The answer depends on 2 vital elements

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Explanation:

Dealing with insurance companies is not a legal requirement and depends on your choice.

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if a person is injured or dead because of the accident, then not only should you inform the insurance company, but also you should inform the legal authorities (Police).

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if a person or another party is involved, then you cannot!

hope this helps!

4 0
2 years ago
Marie and Bob Houmas purchased 200 shares of General Electric stock for $23 a share. One year later, they sold the stock for $31
lubasha [3.4K]

Answer:

$1,679.

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