subject
Business, 03.05.2021 15:30 jennainglish

The 12% bonds payable of Desert Company had a carrying amount of $4,136,341 on December 31, 2020. The bonds, which had a face value of $4,000,000, were issued at a premium to yield 10%. Desert uses the effective interest method of amortization. Interest is paid semiannually on June 30th and December 31st. On June 30, 2021, several years before their maturity, Desert retired the bonds at 104 plus accrued interest. The loss on retirement, ignoring taxes, is?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 13:00
Among the advantages of corporations are the ease of raising financial capital, professional management, and a. rapid promotions b. lower taxes c. limited liability d. specialization
Answers: 1
question
Business, 22.06.2019 09:50
Why should managers invest any excess cash
Answers: 1
question
Business, 22.06.2019 14:00
Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $
Answers: 3
question
Business, 22.06.2019 23:50
In june, one of the processinthe assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units the assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units were in its ending work in process inventory
Answers: 2
You know the right answer?
The 12% bonds payable of Desert Company had a carrying amount of $4,136,341 on December 31, 2020. Th...
Questions
question
Mathematics, 08.10.2019 22:30
question
English, 08.10.2019 22:30
Questions on the website: 13722363