Business
Business, 14.12.2019 05:31, Itssata

On january 1, 2017, hi and lois company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. the bonds provide the bondholders with a 10% yield. they are dated january 1, 2017, and mature january 1, 2022, with interest received on january 1 of each year. hi and lois company uses the effective-interest method to allocate unamortized discount or premium. the bonds are classified as available-for-sale category. the fair value of the bonds at december 31 of each year-end is as follows. 2017 $320,500 2020 $310,000 2018 $309,000 2021 $300,000 2019 $308,000 (a) prepare the journal entry at the date of the bond purchase. (b) prepare the journal entries to record the interest revenue and recognition of fair value for 2017. (c) prepare the journal entry to record the recognition of fair value for 2018.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 04:40, mswillm
Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))
Answers: 3
image
Business, 22.06.2019 20:10, wtwbegay
Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.
Answers: 2
image
Business, 23.06.2019 02:00, mayaduke9482
When making a major purchase, i often spend months to learn all the issues?
Answers: 3
image
Business, 23.06.2019 10:00, alaj8600
Can you with personal finance homework1 abbreviation of annual percentage rate which the interest rate is applied annually to a loan or a credit card balance2 abbreviation of annual percentage yield the rate of return earn in the course of one whole year taking compounding into amount expressed as a percentage3 cash and other liquid assets such as demand deposits or treasury bills than individual possesses4 an expense that does not vary from one time period to the next5 to obtain a new loan for something on different terms often involving the pain off of an existing high-interest loan by means of a new lower interest one6 money set aside for future use7 to take money out of an account8 to plan the allocation expenditure or use of money9 the amount of money spent on food clothing and other basic necessities10 the amount of money that is anticipated to be received over a. of time either as payment for work goods or services or as profit on capital
Answers: 2
Do you know the correct answer?
On january 1, 2017, hi and lois company purchased 12% bonds, having a maturity value of $300,000, fo...

Questions in other subjects:

Konu
Physics, 28.10.2019 12:31