Business, 06.12.2019 00:31 shai56

On january 1, 2017, tusk company issued $300 million of bonds with a 6% coupon interestrate. the bonds mature in 10 years and pay interest annually on december 31 of each year. the market rate of interest on january 1, 2017, for bonds of this risk class was 6%. tusk company closes its books on december 31.tusk elected the fair value option under asu2016-1 to account for the bonds. required: 1. what amount will appear for the bonds on tusk company’s balance sheet on january 1,2017? 2. what journal entries will tusk company make during 2017 to record the effects of thebonds if the market interest rate for these types of bonds is 9% at december 31, 2017? 3. how would your answer change if the increase in interest rate were due to deterioratingfinancial conditions?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 12:30

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

Answers: 3

Answer

Business, 22.06.2019 16:50

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?

Answers: 2

Answer

Business, 22.06.2019 18:30

Hilary works at klothes kloset. she quickly the customers, and her cash drawer is always correct at the end of her shift. however, she never tries to "upsell" the customers (for example, by asking if they would like to purchase earrings to go with the shirt they chose or by suggesting a purse that matches the shoes they are buying). give hilary some constructive feedback on her performance.

Answers: 3

Answer

Business, 22.06.2019 19:40

Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing

Answers: 1

Answer

You know the right answer?

On january 1, 2017, tusk company issued $300 million of bonds with a 6% coupon interestrate. the bon...

Questions