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
A personal tax cut of $50 billion will affect income differently than an increase in government spending by $50 billion because:
Bess [88]

Answer:

C) Households may save part of the additional income from the tax cut

Explanation:

When we consider the total household income there is always a major part that is spent, this is called propensity to consume. It is defined as the proportion of total income that consumers are willing to spend.

But propensity to consume doesn't include 100% of household income, there also exists the propensity to save. That is the exact opposite, is the proportion of our income that we will save for future use.

Luckily for us all, the propensity to spend is usually much higher than the propensity to save. We have to remember that private consumption represents nearly 70% of the nation's GDP.

What households save goes to investment in GDP. Investment is always needed but it represents future growth of the GDP while consumption represents current growth of the GDP.

8 0
4 years ago
_________revenue arises when a business receives cash in one period, but does not provide all of the related goods or services u
bazaltina [42]

Answer:

Deferred

Explanation:

Deferred revenue arises when a business receives cash in one period, but does not provide all of the related goods or services until a later period.

Deferred revenue are the payment received by the company or individual in advance for the product which is not been delivered yet or for the services which are not yet performed. It is not considered as revenue by companies, that´s why they report the deferred revenue as a liability in the balance sheet of the company.

8 0
3 years ago
I am writing a marketing plan for a fictitious product produced by a fictitious company and I don't know if it even remotely res
Brut [27]
I can :) I would love to help!!

8 0
4 years ago
What grade do we learn geometry in?
sweet [91]

Answer:

grade 9

Explanation:

Because In United States approximately in 14-15 years old in elementary about goemetric shapes

5 0
3 years ago
Select the examples of workers commonly found in Human Resources work environments. Check all that apply.
Dmitry [639]

Answer:

mazie and yoshiko are the answers.

Explanation:

edgunuity

8 0
4 years ago
Other questions:
  • Which graphical display shows marginal and conditional distributions at the same time?
    6·1 answer
  • Quigley Inc. is considering two financial plans for the coming year. Management expects sales to be ​$600 comma 000​, operating
    15·1 answer
  • Hosha exchanges all of her leaf stock for petal stock plus $5,000 cash. the exchange is pursuant to a tax-free reorganization. h
    10·1 answer
  • Beginning inventory, purchases, and sales data for dvd players are as follows: november 1 inventory 120 units at $39 10 sale 90
    9·2 answers
  • Many economists believe the strict definition of perfect competition does not exist in real world. Yet, this model is the point
    6·1 answer
  • Marco is a marketing manager for Securities Services. He has been looking at a variety of factors, such as technological, socioc
    10·1 answer
  • In a market economy, decisions about which goods are produced are based on:
    11·1 answer
  • The _____ adds up the market prices of final goods and services.
    5·1 answer
  • What is considered best practice when matching customer receipts and vendor bills within the bank feeds in QuickBooks Online?
    8·1 answer
  • Two reasons why collateral is important to a borrower
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!