Highlight an illustration of bond redemption:
Three year 8% bonds of $100,000 issued on Jan. 1, 20X7, are recalled at 105 on Dec. 31, 20X8. Expenses of recall are $2,000. Market interest on issue date was 10% (so the carrying amount of bond at issue was $95,027).
Journal entry at Dec. 31, 20X7:
Db Bonds payable 100,000
Db Loss on extinguishment 8,817
Cr Cash 107,000
Cr Discount on bonds payable 1,817
Reacquisition price = $105,000 + 2,000 = $107,000
If you see redemption problem…like on a Test…remember at the time of reacquisition, any unamortized premium or discount, and any costs of issue related to the bonds must be amortized up to the reacquisition date to avoid misstatement of any resulting gain or loss on the extinguishment. The difference between the reacquisition price and the net carrying amount of the debt is a gain (reacquisition price lower) or loss (reacquisition price greater) from extinguishment. (Similar to depreciation on the sale of a fixed asset sale).
How would this journal entry change if you redeemed only 50% of the issue?
Please show all work
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High Stakes Testing With The Goal Of Increasing Student Learning And School Acco
/in Uncategorized /by developerHigh-stakes testing with the goal of increasing student learning and school accountability has suffered some unintended consequences. Discuss some of the potential unintended consequences of high-stakes testing and what might be done to address them.
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Highlander Cutlery Manufactures Kitchen Knives One Of The Employees Whose Job Is
/in Uncategorized /by developerHighlander Cutlery manufactures kitchen knives. One of the employees, whose job is to cut out wooden knife handles, worked 53 hours during a week in January. The employee earns $16 per hour for a 40-hour week, and overtime is paid after 40 hours. For additional hours the employee is paid an overtime rate of $21 per hour. The employee’s time was spent as follows:
Regular duties involving cutting out knife handles45hoursGeneral shop cleanup duties5hoursIdle time due to power outage3hours
Required:
1. Calculate the total cost of the employee’s wages during the week described above.
total cost of wages=
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Highlight A Risk Faced By Holden Automobile Brand With Respect To Effectively Ma
/in Uncategorized /by developerHighlight a risk faced by Holden(automobile brand) with respect to effectively managing its supply chain and discuss at least two ways that this risk is being managed or could be managed.200-300 words
evidence supported by journal, annual report or newspaper
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Highlight An Illustration Of Bond Redemption Three Year 8 Bonds Of 100 000 Issue
/in Uncategorized /by developerHighlight an illustration of bond redemption:
Three year 8% bonds of $100,000 issued on Jan. 1, 20X7, are recalled at 105 on Dec. 31, 20X8. Expenses of recall are $2,000. Market interest on issue date was 10% (so the carrying amount of bond at issue was $95,027).
Journal entry at Dec. 31, 20X7:
Db Bonds payable 100,000
Db Loss on extinguishment 8,817
Cr Cash 107,000
Cr Discount on bonds payable 1,817
Reacquisition price = $105,000 + 2,000 = $107,000
If you see redemption problem…like on a Test…remember at the time of reacquisition, any unamortized premium or discount, and any costs of issue related to the bonds must be amortized up to the reacquisition date to avoid misstatement of any resulting gain or loss on the extinguishment. The difference between the reacquisition price and the net carrying amount of the debt is a gain (reacquisition price lower) or loss (reacquisition price greater) from extinguishment. (Similar to depreciation on the sale of a fixed asset sale).
How would this journal entry change if you redeemed only 50% of the issue?
Please show all work
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Hightech Inc Randomly Tests Its Employees About Company Policies Last Year In Th
/in Uncategorized /by developerHighTech, Inc. randomly tests its employees about company policies. Last year in the 480 random tests conducted, 10 employees failed the test.
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Highway Design Introduction The Design Of Highways Is Perhaps The Only Element I
/in Uncategorized /by developerHighway Design
Introduction
The design of highways is perhaps the only element in the entire highway development process. Throughout history, detailed highway design occurs when the process is continuing; hence, linking the preceding phase of planning phase and the development with the subsequent phases of right of way acquisition, construction, and eventually, maintenance. The main goal of this project is to design a highway from a given start point crossing Route 1-270 from the State Highway Administration. The team members need to design 8-Lane Highway/400 ft. median. As such, after determining the specific route, it will be necessary to establish the best alignment and this will be followed by further design.
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Highway Private Seller 25 490 19 31 25 Dealer 17 998 Maintenance Year Registrati
/in Uncategorized /by developeri need help with excel project , its due in a few hrs
Vehicle PurchaseVehicle 1 Description Vehicle 2 2011 Ford Mustang GTVehicle TypePassenger 2012 Honda Civic LXPassenger SellerPriceMPG CityMPG Highway private seller$25,490193125 dealer$17,998 Maintenance/YearRegistration FeeInsurance/Year $600 $300 $1,000 $700 Yearly Costs Need Loan? NO Amount to BorrowAPRYears NO$20,4904.90%5 $12,9981.90%4 GasLoan PaymentMaintenance/MonthInsurance/MonthTotal Monthly $209.55$294.00$50.00$83.33$636.88 $201.22$22.80$25.00$58.33$307.35 Affordable? YES YES Monthly Costs AnalysisVehicle 3 Vehicle 4 2013 Ducati Superbike 848 EvoMotorcycle 2012 GMC Canyon Regular CabTruck private seller$13,9954444$30 Average dealer$17,475182521.5 PriceMPG CityMPG HighwayMPG AverageYearly CostsMaintenanceRegistration Fee Average Insurance$500 $500 $1,500 $600 NO LoanAmount to Borrow NO$8,995 2$211.22Err:511$41.67$125.00$419.68YES $12,4753.90%3$208.38$46.80$41.67$50.00$346.85 Average APRYearsMonthly CostsGasLoan PaymentMaintenanceInsuranceTotal Monthly Average Highest Lowest Highest Lowest Highest Lowest Highest Lowest Vehicle Purchase Assumptions$5,000 Total Cash Available for Vehicle Purchase$600 Total Monthly Amount Available to Pay for Operating Vehicle600 Number of Miles I Expect To Drive Each Month$3.65 Gas Price Per Gallon Registration feescolumn # 1 Cargo VanFarm VehicleMotor HomeMotorcyclePassengerTaxicabTrailerTruck 2 100681006010016030100
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Hii Have Attached The Question
/in Uncategorized /by developerHi
I have attached the question
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Hii Have Come Back Again With Another Challenge Please Read The File For Each Ta 1
/in Uncategorized /by developerHi
I have come back again with another challenge.
Please read the file for each task and write it as desired.
Thanks
Note: I attached five files,
One – for Instructions
Foure – for Informations
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Hii Have Come Back Again With Another Challenge Please Read The File For Each Ta 2
/in Uncategorized /by developerHi
I have come back again with another challenge.
Please read the file for each task and solve it as desired.
Thanks
Note: Replace letter ” q ” with the number ” 1 “
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