Business, 24.05.2021 20:10 kuadirkennedy

On January 1, 2020, Perkins Incorporated issued 2,000 of its 9%, $1,000 bonds for $2,048,000. Bond issue costs were $12,000. These bonds were to mature on January 1, 2030 but were callable at 103 any time after December 31, 2023. Interest was payable semi-annually on July 1 and January 1. On May 1, 2024, Perkins called all the bonds and retired them with interest. Perkins uses the straight-line method for amortization of bond premiums and discounts. Assuming all previous entries have been properly recorded, Perkins will record the following gain or loss on the bond retirement: a. $211,000
b. $200,000
c. $206,000
d. $201,000
e. none of above

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 23:30

As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to

Answers: 2

Answer

Business, 22.06.2019 13:00

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:

Answers: 1

Answer

Business, 22.06.2019 19:30

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?

Answers: 1

Answer

Business, 22.06.2019 20:00

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)

Answers: 3

Answer

You know the right answer?

On January 1, 2020, Perkins Incorporated issued 2,000 of its 9%, $1,000 bonds for $2,048,000. Bond i...

Questions