Business, 17.06.2020 18:57 zhellyyyyy
On January 1, Year 1, Hart Company issued bonds with a face value of $116,000, a stated rate of interest of 9 percent, and a five-year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 8 percent at the time the bonds were issued. The bonds sold for $120,632. Hart used the effective interest rate method to amortize the bond premium.
Required:
a. Prepare an amortization table.
b. What is the carrying value that would appear on the Year 4 balance sheet?
c. What is the interest expense that would appear on the Year 4 income statement?
d. What is the amount of cash outflow for interest that would appear in the operating activities section of the Year 4 statement of cash flows?
Answers: 2
Another question on Business
Business, 21.06.2019 18:20
Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this
Answers: 1
Business, 22.06.2019 11:10
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
Business, 22.06.2019 17:30
The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?
Answers: 1
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
You know the right answer?
On January 1, Year 1, Hart Company issued bonds with a face value of $116,000, a stated rate of inte...
Questions
Mathematics, 11.05.2021 01:00
Mathematics, 11.05.2021 01:00
Chemistry, 11.05.2021 01:00
Business, 11.05.2021 01:00
History, 11.05.2021 01:00
Mathematics, 11.05.2021 01:00
Mathematics, 11.05.2021 01:00
