 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Accounting questions help?
On July 1, 2010 Imperial Inc. Purchased $500,000 of Acme Corp. 10-year 4% bonds at 98 for the purpose of holding and earning interest revenue. The bonds pay interest semi-annually on January 1 and July 1. Imperial has a December 31 year end. At December 31, 2010 the bonds are trading at 99.
Assuming Imperial Inc. Purchased the bonds from Acme Corp. record the purchase of the bonds on July 1 for Imperial Inc. And Acme Corp. |
||||
Check out some similar questions!
I want different sets of questions on financial accounting,cost and management accounting for free. I am a teacher in this area
July 11,20aa A co. acquires 80% of voting stock of B. During the yr. A sold to B for $450,000 goods which cost $330,000. B owes 15% of the goods at yr end. B reported NI was $204,000, and A NI was $806,000. A decided to use the equity method to account for this investment. What was the...
I need help with a new area of business. We sell services for which we do the work. We have a customer that wanted a different service than what we provide, so we played the middleman and hired a consultant to do the work for them and marked it up slightly for "Management Fee" - we only...
Hello, Can you please help me think about these questions? I would really appreciate any help! Why do accountants bother with present value calculations? What would be incorrect with recording an asset at its historical cost, even if some of the payments are made in the future? Life is simpler...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
