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
lutik1710 [3]
3 years ago
14

On January 1, a company issued and sold a $320,000, 5%, 10-year bond payable, and received proceeds of $315,000. Interest is pay

able each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the first interest payment is:
Business
1 answer:
Andrei [34K]3 years ago
7 0

Answer:

$315,250

Explanation:

total discount on bonds payable = $320,000 - $315,000 = $5,000

amortization of bond discount per coupon payment = $5,000 / 20 = $250

bonds carrying value after the first coupon payment is made = $315,000 + $250 = $315,250

Dr Interest expense 8,250

    Cr Cash 8,000

    Cr Discount on bonds payable 250

You might be interested in
Our culture has a split personality about big tech companies like Google. On the one hand we are constantly afraid that they are
Step2247 [10]

Answer: The correct answer is "domination."

Explanation: Our culture has a split personality about big tech companies like Google. On the one hand we are constantly afraid that they are out for world <u>DOMINATION.</u> On the other hand, we love what they offer us and make them our heroes.

Generally, the big global technology companies offer us multiple tools that make it easier for us every day, but on the other hand these companies have a great amount of information from all over the world, with which a lot of damage could be caused if other purposes are pursued.

5 0
3 years ago
How has the pattern of trade changed in the United States since 1960?
ki77a [65]

Answer:

The correct answer is letter "B": Imports have grown faster than exports, and the United States has become a net importer.

Explanation:

International trade is not just a major engine of the U.S. economy, but for the global economy. The total trade share in terms of the global Gross Domestic Product was 25% in 1960 and it has raised to 56% in 2017. Though, imports have surpassed the level of exports, making America be a net importer. Main imports are in the form of raw materials for the production of different goods mainly vehicles, and clothing.

5 0
3 years ago
The bookkeeper for the company has prepared the following balance sheet as at December 31, 2018: Cameron Corp Balance Sheet Dece
Vladimir79 [104]

Answer:

lolol

Explanation:

5 0
4 years ago
Read 2 more answers
Why is it money is important in growing company ?
professor190 [17]

Answer:

you need a lot of money to start a company

Explanation:

3 0
3 years ago
Senator Smith says that in order to help poor countries develop, the United States should:
Anuta_ua [19.1K]

Answer:

These two are very good ideas to reduce poverty in poor countries:

2) reduce or eliminate subsidies to U.S. producers when poor countries have a comparative advantage producing those goods U.S. subsidizes.

3) Work to improve agriculture in poor countries.

Explanation:

Numeral 2 is a good idea because it would help poor countries produce those goods they have a comparative advantage in, and export some of the production to other countries, including the U.S., bringing much needed income to the population.

Numeral 3 is also a very good idea to implement, because poor countries usually have inefficient agriculture, in some cases, so inefficient that a part of the population has poor nutritrion. Improving agriculture in poor countries helps feed the population, and also export the excess produce abroad.

7 0
3 years ago
Other questions:
  • Columbia Gas Company’s (CG) current capital structure is 35% debt and 65% equity. This year CG has earnings after tax of $5.31 m
    13·1 answer
  • Fama’s Llamas has a weighted average cost of capital of 9.2 percent. The company’s cost of equity is 12.8 percent, and its cost
    7·1 answer
  • Darren Bloom, the sales manager for John Fountain Products, a small family business, is eager to get the company on an export pa
    7·1 answer
  • Barnes and Noble lost its market share in book retailing to Amazon. It tried to regain market share by offering a similar electr
    6·1 answer
  • Tom is studying how changes in income affect the frequency of eating out. In this example, "changes in income" is the ______ var
    11·1 answer
  • Jole Co. lent $10,000 to a major supplier in exchange for a non interest bearing note due in three years and a contract to purch
    5·1 answer
  • The net operating loss (NOL) provisions of the Internal Revenue Code a.Are primarily designed to provide relief for trade or bus
    7·1 answer
  • What can be broken, but is never held?
    15·1 answer
  • What is iatrogenic anemia? How do you prevent it?
    11·1 answer
  • ______ refers to salaries and wages, as well as interest earned on savings and stock dividend payments.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!