subject
Business, 26.09.2019 19:00 amunnik04

On january 1, 2018, whittington stoves issued $820 million of its 6% bonds for $756 million. the bonds were priced to yield 8%. interest is payable semiannually on june 30 and december 31. whittington records interest at the effective rate and elected the option to report these bonds at their fair value. one million dollars of the increase in fair value was due to a change in the general (risk-free) rate of interest. on december 31, 2018, the fair value of the bonds was $772 million as determined by their market value on the nyse. required: 1. prepare the journal entry to record interest on june 30, 2018 (the first interest payment). 2. prepare the journal entry to record interest on december 31, 2018 (the second interest payment). 3. prepare the journal entry to adjust the bonds to their fair value for presentation in the december 31, 2018, balance sheet.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 03:30
< back to assignment attempts: 1 1 keep the highest: 1 / 2 2. determining opportunity cost juanita is deciding whether to buy a suit that she wants, as well as where to buy it. three stores carry the same suit, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the suit: store travel time each way price of a suit (minutes) (dollars per suit) local department store 15 102 across town 30 88 neighboring city 60 65 juanita makes $42 an hour at work. she has to take time off work to purchase her suit, so each hour away from work costs her $42 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. complete the following table by computing the opportunity cost of juanita's time and the total cost of shopping at each location. store opportunity cost of time price of a suit total cost (dollars) (dollars per suit) (dollars) local department store 102 across town 88 neighboring city 65 assume that juanita takes opportunity costs and the price of the suit into consideration when she shops. juanita will minimize the cost of the suit if she buys it from the . grade it now save & continue continue without saving
Answers: 1
question
Business, 22.06.2019 16:40
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
Answers: 1
question
Business, 22.06.2019 20:30
Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted
Answers: 2
question
Business, 23.06.2019 00:30
Considered to be a "super tool" or tool that has high use and high potential for improving project success?
Answers: 3
You know the right answer?
On january 1, 2018, whittington stoves issued $820 million of its 6% bonds for $756 million. the bon...
Questions
question
English, 08.01.2020 00:31