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Arlecino [84]
3 years ago
5

Kimble Electronics issued its 6%, 20-year bonds payable at a price of $855,000 (face value is $900,000). The company uses the st

raight-line amortization method for the bond discount or premium. Interest expense for the first year is:
Business
1 answer:
il63 [147K]3 years ago
6 0

Interest expense for the first year is: $56,250

Solution:

Kimble Electronics issued = 6%, 20-year bonds payable

The corporation follows the straight-line amortization approach for the discount or premium on debt.

$900,000 - $855,000= $45,000

$45,000/20 years= $2,250 per year

$900,000 * 0.06 = $54,000

$2,250 + $54,000 = $56,250 interest expense.

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Explained

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For a sportswear giant like Nike, it is the exposure to harsh reality of its partners in the developing world, and a shame that it could not detect, monitor and control the code of ethics it follows back home.

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Tell me about a time you were able to understand someone else's viewpoint that differed from your own. Describe the situation, y
RoseWind [281]

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3 years ago
Which of the following is true of good salespeople?
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3 0
3 years ago
You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee un-animously v
ivolga24 [154]

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