A company have bonds outstanding next to a par attraction of $100,000. The auamortized premium on these bonds is $2,700

If the company retired these bonds at a call price of 99, the gain or loss on this retirement is?

UPS transport Screwup or purely my paranoia?



Answers:   Book convenience is face pro + unamortized premium, so
Book value = $100,000 + $2,700 = $102,700

If the bonds be retired at 99, cash giving is $99,000 so the gain is $3,700.

Journal entry:
Dr Bonds payable $100,000
Dr Bonds premium $2,700
Cr Cash $99,000
Cr Gain on bonds redemption $3,700

Resolved Questions:
  • What is the legallity contained by California?
  • Where can I find an auto loan for a vehicle specifically elder afterwards ten years near mild to fruitless credit?
  • Money/Wallet Question?
  • What does better, Craigslist or Ebay?? Which is more feasible to supply?
  • If I ship something to someone and I buy it, will my card number be on the pack?
  • The entirety of this site is protected by copyright © 2008. All rights reserved. RunEye.com