What the company will receive interest semiannually on june, Ask an Expert

Accounting

Lance Brothers acquired $720,000 0f 3% bonds, dated July 1, 2011, as a long-term investment. . Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 4% for bonds of similar risk and maturity. Lance Brothers paid $600,000 for the bonds. what the company will receive interest semiannually on June 30 and December 31.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M983769

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - on february 20 2017 coronado inc purchased a

Question - On February 20, 2017, Coronado Inc. purchased a machine for $1,440,000 for the purpose of leasing it. The machine is expected to have a 10-year life, no residual value, and will be depreciated on the straight- ...

Accounting information system question -1-identify two

Accounting Information System Question - 1-Identify two strategic decisions that the information in one (or more) of the example dashboards at idashboards.com can help the company make. Be specific when describing these ...

Question - on october 1 nathan4u inc made a 25000 sale on

Question - On October 1, Nathan4U, Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company method to record sales made on credit, how much should be recorded as revenue on October 1?

Question - in 2013 emily invests 100000 in a limited

Question - In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2013, her share of the partnership loss is $70,000. In 2013, her share of the partnership loss is $50,000. How mu ...

Question my choice is starbucksaccess each of the social

Question: My choice is Starbucks Access each of the social media pages for the brand you have selected (Facebook, Twitter, Instagram, etc.). Provide an assessment of the effectiveness of the social media sites: number of ...

Question - john lee is the manager in charge of the audit

Question - John Lee is the manager in charge of the audit of the upcoming annual audit of Hing Fat Ltd, a new audit client. All the preliminary verbal discussions and enquiries among the auditors, the company, the predec ...

Question - fundamentals of revenue recognition - respond to

Question - Fundamentals of Revenue Recognition - Respond to the questions related to the following statements. 1. A wholly unperformed contract is one in which the company has neither transferred the promised goods or se ...

Question -bella requires 232000 in four years to purchase a

Question - Bella requires $232000 in four years to purchase a new home. What amount must be invested today in an investment that earns 5% interest, compounded annually? Swifty Corporation will receive $21500 today (Janua ...

Question - eileen corp had the following balances in

Question - Eileen Corp. had the following balances in receivable accounts at October 31, 2017 (in thousands): Allowance for Doubtful Accounts $52, Accounts Receivable $2,910, Other Receivables $189, and Notes Receivable ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert