The Amazing Widget Company issues $500,000 of 6%,10-year bonds at 103 on March 31,2014.The bond pays interest on March 31 and September 30.The market rate of interest on the issuance date was 4%.Assume the company uses the straight-line method for amortization.What net balance will be reported for the bonds on the balance sheet on September 30,2014?
A) $500,000.
B) $515,000.
C) $514.250.
D) $515,250.
Correct Answer:
Verified
Q98: On January 1,2012,Davie Services issued $20,000 of
Q99: On January 2,2014,Mahoney Sales issued $10,000 in
Q100: On January 1,2012,Davie Services issued $20,000 of
Q101: On November 1,2015,Archangel Services issued $200,000 of
Q102: Blanding Company issues $1,000,000 of 8%,10-year bonds
Q104: Blanding Company issues $1,000,000 of 8%,10-year bonds
Q105: McDonald Sales prepared a bond issue of
Q106: McDonald Sales prepared a bond issue of
Q107: McDonald Sales prepared a bond issue of
Q108: The Amazing Widget Company issues $500,000 of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents