Business, 08.03.2021 19:40 gilberta14
Daniel purchased a bond on July 1, 2020, at par of $10,000 plus accrued interest of $300. On December 31, 2020, Daniel collected the $600 interest for the year. On January 1, 2021, Daniel sold the bond for $10,200.
a. Daniel must recognize $300 interest income for 2020 and a $200 gain on the sale of the bond in 2021.
b. Daniel must recognize $600 interest income for 2020 and a $200 gain on the sale of the bond in 2021.
c. Daniel must recognize $300 interest income for 2020 and a $100 loss on the sale of the bond in 2021.
d. Daniel must recognize $600 interest income for 2020 and a $100 loss on the sale of the bond in 2021.
Answers: 1
Another question on Business
Business, 22.06.2019 13:30
1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.
Answers: 2
Business, 22.06.2019 19:40
Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40
Answers: 3
You know the right answer?
Daniel purchased a bond on July 1, 2020, at par of $10,000 plus accrued interest of $300. On Decembe...
Questions
Spanish, 16.04.2020 22:37
History, 16.04.2020 22:37
Physics, 16.04.2020 22:37
Mathematics, 16.04.2020 22:37
Social Studies, 16.04.2020 22:37
Mathematics, 16.04.2020 22:37
Mathematics, 16.04.2020 22:37
SAT, 16.04.2020 22:37
Mathematics, 16.04.2020 22:37
