On january 1, 2019, a company issued $400,000 of 10-year, 12% bonds. The interest is payable semi-annually on june 30 and december 31. The issue price was $413,153 based on a 10% market interest rate. The effective-interest method of amortization is used. What is the book value (carrying value) of the bond liability as of june 30, 2019 (to the nearest dollar)?.

Answers

Answer 1

The book value of the bond liability is $409811

First of all we have to calculate the cash that was paid for interest

This interest is payable semiannually that is 6 months out of 12 months

6/12 = 0.5

The bond is 12% = 0.12

= 400000 * 0.12 * 0.5

= 24000 dollars

The interest =

413153 * 10% * 0.5

= 20658 dollars

The reduction = 24000-20658

= 3342 dollars

The carrying value after the first payment

= 413153-3342

= $409811

The book value of the bond liability is $409811

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Related Questions

What is created when rocks bend due to the compression of tectonic plates? Question 1 options: Faulting Subduction Folding Whipping.

Answers

Answer:

Third option: Folding

Explanation:

When the movement of tectonic plates causes stress and pressure on a rock, and it bends, it is called folding.

Hope this helps :)

My mom/suggested/keep the surroundings/clean and green.

Answers

Considering the incomplete sentence in the question, to make the sentence complete, we have "My mom suggested to keep the surroundings clean and green."

The word "to" is a preposition. It is used to express a situation approaching a specific condition.

Here, the preposition "to" is used to describe the condition in which the surroundings must reach.

The word "to" can also serve as an adverb or incentive marker.

Hence, in this case, it is concluded that the complete and correct sentence is "My mom suggested to keep the surroundings clean and green."

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A certain wire stretches 0. 90 cm when outward forces with magnitude f are applied to each end. The same forces are applied to a wire of the same material but with three times the diameter and three times the length. The second wire stretches:.

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Answer:

A certain wire stretches 0. 90 cm when outward forces with magnitude f are applied to each end. The same forces are applied to a wire of the same material but with three times the diameter and three times the length. The second wire stretches:

Explanation:

It is affected by the structure of the bones and muscles surrounding the joint.

Answers

Answer:

um... ok

Explanation:

Which of the following factors best supports the argument in the excerpt?.

Answers

Answer:

probaly awnser C

Explanation:

or B or a

Four companies have each issued $6 million in bonds. Which company will have the lowest balance in a contra account, without having a zero balance, assuming this is the first bond issuance for all four companies?.

Answers

The company that will have the lowest balance in a contra account is company-2 , which sold bonds at 94%

Bonds are being usually sold at par, at a discount, or at a premium. There exists no notion of a contra asset if the bonds are sold at par. If the bonds are sold at a discount, the net cash received will be lesser than the amount of par value of the bonds issued. Under this scenario, the bonds payable account can only display the par value of the bonds issued, however, the difference among both the par value of the bonds as well as the net cash actually realized from this kind of bond issue will be parked in a contra account which will be amortized over the bond's tenure.

As such, the lowest balance in the contra account for the four companies can be computed as:

                             company4      company3      company2      company1

Bond par value   $6,000,000   $6,000,000   $6,000,000   $6,000,000

Issued at               105%               101%               94%                  99%

Net cash -          6300000        6060000        5640000        5940000

realized

Contra

account           3000000         60000          (-360000)          -60000

balance

Therefore, it is obvious that the company with the lowest balance in a contra account is company 2, which sold their bonds at 94%

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The word halcyon comes from a greek legend brainly.

Answers

Greek Mythology is simply described as different kinds of stories about the gods, goddesses, etc., of Ancient Greeks. The word halcyon originate from a Greek legend is described below;

The word halcyon is known to have its origin from a story that was written in Greek mythology. The story was all about the halcyon bird, who is empowered to calm the rough ocean waves every December because she want to lay in her nest.

As a result of the calmness of the waters, halcyon therefore means having a sense of peace or tranquility.

Conclusively, In Greek mythology, there is a goddess Halcyon who is also called Alcyone in Greek. She is known as the daughter of Aeolus, the ruler of the winds.

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Which of the following describes a consumer installment loan?.

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Answer:  hums 202 Which of the following describes a consumer installment loan? A. A loan you get based on the tax refund that you expect to receive. B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years. C. A loan where you have to promise to give the bank your assets if you do not repay the loan. D. A loan for consumer goods where you own the item(s) at the end of the payment period.

Explanation: all you have to do is search up the answer to this on brainly

A ratio estimates the risk associated with investing in a firm.

Answers

A ratio which estimates the risk associated with investing in a business firm is called: solvency ratio.

Solvency ratio can be defined as a key metric that is typically used to measure the ability of a business firm to meet its long-term debt obligations.

Basically, a solvency ratio measures the financial position of a business firm and the extent to which its assets cover long-term debt obligations (commitments), especially for future payments and the liabilities.

In conclusion, a ratio which estimates the risk associated with investing in a business firm is called solvency ratio.

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Oscar started freaking out about the test formal brainly.

Answers

Answer:

?

Explanation:

Answer:

y lol

Explanation:

Which of the following is not a possible tax or deduction that could be withdrawn from your paycheck?.

Answers

Government often collect taxes from its people in different ways. Sales tax is not a possible tax or deduction that could be withdrawn from your paycheck.

Sales tax often regarded as consumption tax. It ia usually imposed by the government only on the sale of goods and services and not from paycheck.

It is known to be imposed at the point of sale. It is taken by the retailer, and thereafter given to the government.

Conventional or retail sales taxes is simply charged only to the consumer or end user of a good or service.

The full question below

Which of the following is NOT a possible tax or deduction that could show up on your paycheck?

State income tax

Contributions to retirement savings

FICA

Sales tax

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Alterations in various aspects of society over time.

Answers

alterations in various aspects of society over time according to pitrim Sorkin cyclical theory of social change the principle of immant change is the natural tendency of a society structure to swing back and forth between the ideotional and sensate culture

A significant alteration to a society's structure is social change. Numerous facets of a society, including its economic, political, cultural, ethical, and identity problems, can be affected by social change.

What Alterations in various aspects of society over time?

The major alteration of social structure and cultural norms over time is referred to as social change. Social ties that have remained constant over time and become routine or repetitive are referred to as social structures.

Among the key forces influencing societal development are population growth and composition, the natural environment, social conflict, culture, and technology.

Cultural lag is the term used to describe a delayed shift in one area of society as a result of a change in a different area of society.

Therefore, Alterations in social change various aspects of society over time.

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You can have ice cream you finish your dinner.

Answers

"You can have ice cream while you finish your dinner" does not make sense in context, as ice cream is usually reserved for dessert.

According to john green, why was luther successful with his rebellion when others before him had failed?.

Answers

Answer:

As indicated by John Green, Luther's prosperity with the insubordination originated from his capacity to, at first, cause his lessons to resound with laborers and adolescents. Be that as it may, this reverberation didn't keep going long. Luther before long turned his lessons against the workers for the lords and sovereigns.

Explanation:

Thus according to John Green, Luther's capacity to originally made his beliefs appealing to workers and teenagers contributed to the rebellion's success.

Who is Luther?

The Renaissance, which resulted in Protestantism becoming the fourth main force in Christendom after Catholic Faith was sparked in part by Martin Luther's convictions.

According to John Green, Luther's success with inappropriate behavior stemmed from his ability to initially make his lectures resonate with workers and teenagers. Whatever the case, this reverberation lasted only a short time.

The workers serving the princes and sovereign states were the target of Luther's teaching soon after. However, this echo was brief. The teachings of Luther soon shifted away from the peasants and toward the kings. 

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The comparative financial statements of marshall inc. Are as follows. The market price of marshall common stock was $82. 60 on december 31, 20y2.

Answers

It should be noted that the working capital will be $1584000, the current ratio is 2.80 while the quick ratio is 2.20.

From the complete information, the working capital is calculated thus:

= Current asset - Current liabilities

= 2464000 - 880000

= 1584000

The current ratio will be:

= Total current asset / Total current liabilities

= 2464000 / 880000

= 2.80

The quick ratio will be calculated thus:

Total current asset = 2464000

Less: Inventory = 420000

Less: Prepaid expenses = 108000.

Total quick assets = 1936000

Total current liabilities = 8800000

Quick ratio = 2.20

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Look at the graph. A graph titled Yearly Average, Dow Jones Industrial Average. The x axis shows the years 1919 to 1929. The y axis shows the yearly average closing price, from 0 to 350. In 1919, it was at 100 and stayed relatively stable until 1925, when it began to rise dramatically, from 125 in 1925 to over 300 in 1929. During what years did consumerism cause the stock market to grow most? 1920–1921 1921–1924 1922–1925 1924–1929.

Answers

Answer It's D (1924 - 1929)

hope this helps :)

Explanation: edge 2023

Which sentence best concludes the paragraph? It is important to understand historical causes as the English language continues to develop. Many people wonder why international communication is so difficult. I can’t wait to see how the English language develops in the future.

Answers

Answer: ( Answer A) It is important to understand historical causes as the English language continues to develop

Explanation: because I just took the assignment

The sentence that best concludes the paragraph is that it is important to understand historical causes as the English language continues to develop. Thus, the correct option for this question is A.

What do you mean by Paragraph?

A Paragraph may be defined as a collection of sentences that significantly represents some thoughts and ideas to the reader or audience. It is a brief piece of writing that all relate closely to the topic sentence.

According to the context of this question, it is consequential in order to understand the causes and influence of the English language which continues to develop till now. It is the significance of the English language.

Therefore, it is important to understand historical causes as the English language continues to develop is the sentence that best concludes the paragraph. Thus, the correct option for this question is A.

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Beth is listening to her friend melissa talk about a recent break-up. Beth wants to give an appropriate listening response to convey to melissa that she there for her friend and shares her point of view. Beth’s best listening response would be which of the following?.

Answers

Beth's best listening responses to convey to Melissa that she shares her view would be: supporting.

In communication, listening is very key which follows with a feedback to ensure what is being communicated is rightly decoded by the receiver of a message.

For feedbacks, many types of responses can be given. One of which is giving a listening response.

Types of listening responses include:

EmpathizingQuestioningParaphrasingEvaluatingSilent listeningEmpathizingSupporting.

Supporting is a type of listening response whereby the listener shows solidarity with the speaker in a way that reflects the feelings about the speaker.

Therefore, Beth's best listening responses to convey to Melissa that she shares her view would be: supporting.

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Rosalyn is a teacher who plays a review game with her class. The game involves writing each student's name on an identical slip of paper and selecting students at random. Here's the makeup of her class:.

Answers

Answer:

like hw

Explanation:

A student who willl be the first in his or her familt to attend college is a ___ student

Answers

Answer:

“First-Generation Student”

In the cycle shown is mantle made of silicate rocks why.

Answers

Answer:

The rocks that make up Earth's mantle are mostly silicates—a wide variety of compounds that share a silicon and oxygen structure. Common silicates found in the mantle include olivine, garnet, and pyroxene.

Explanation:

Some numbers are formed with closed paths.

Answers

Answer:

what is the question

Explanation:

Which is a solution to the equation? (x −2)(x 5) = 18 x = −10 x = −7 x = −4 x = −2.

Answers

(x−2) (x⋅5) = 18 = x=5 + √1155,5 − √1155

x=−7==−7 : x=−4==−4 : x=−2==−2

Answer:

d

Explanation:

4 t-shirts and a hat costs £31. 00 2 t-shirts and a hat costs £17. 0. How much does a t-shirt cost? how much does a hat cost?.

Answers

Answer:

T-Shirt Cost = £7

Hat Cost = £3

Explanation:

Important Information:

4 t-shirts and a hat costs £31.00

2 t-shirts and a hat costs £17.00.

Here we assume t-shirt be x and hat be y.

Explanation/Solution:

Based on the above information, the calculation is as follows:

4x + y = 31

2x + y = 17

Now subtract equation 2 from 1

2x = 14

x = 7

So y is

4(7) + y = 31

28 + y = 31

y = 3

Therefore we can conclude that The t-shirt cost £7 and Hat cost £3.

What is the apparent bond energy of a carbon–sulfur bond in cos? use the bond energies below.

Answers

Answer:

carbon

Explanation:

yes

Hydrochloric acid (HCl) is combined with cesium hydroxide (CsOH) in a neutralization reaction. Which ions will combine to form a salt? Check all that apply. H H3O Cl- Cs OH-.

Answers

Answer:

Hydrochloric acid (HCl) is combined with cesium hydroxide (CsOH) in a neutralization reaction. Which ions will combine to form a salt? Check all that apply. H H3O Cl- Cs O

Explanation:

whatttttttttttttttttttt

Answer:

Its C and D, (CI- and Cs+)

Explanation:

how did the officer feel about himself​

Answers

Answer:

how happy

Explanation:

A significant factor in the exponential population growth over the past two centuries is:.

Answers

A significant factor in the exponential population growth over the past two centuries is; good sanitation and medical advances.

In exponential growth, the rate of the growth in population usually increases over time and this is usually directly proportional to the size of the population.

Now, this rate discussed above usually causes the population to increase much more faster.

We can say that good sanitation and medical advances will contribute to the exponential growth of the human population due to the fact that when an environment is clean, it will prevent the accumulation of dirt and infectious particles to accumulate inside the body which means less contraction of deadly diseases.

Secondly, medical advances have helped in curing of deadly diseases that cause more deaths and this means the death rate will decrease and population will increase.

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Yesterday, the temperature at noon was 11. 4℉. By midnight, the temperature had decreased by 15. 7 degrees. What was the temperature at midnight?.

Answers

Answer:

It is 4.3

Explanation:

because 15.7 minus 11.4 is equal to 4.3.

Which one of the following reactions would produce the largest amount of heat per mole of hydrogen?.

Answers

Answer:

your answer link in photo

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