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    shelly561's Avatar
    shelly561 Posts: 6, Reputation: 1
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    #1

    Mar 24, 2010, 01:47 PM
    Bond Amortization
    On January 1, 2005, Wolf Corp. issued its 10% bonds in the face amount of $1,000,000, which mature on January 1, 2015.
    The bonds were issued for $1,135,000 to yield 8%, resulting in bond premium of $135,000.
    Wolf uses the interest method of amortizing bond premium. Interest is payable annually on December 31.
    At December 31, 2005, Wolf's adjusted unamortized bond premium should be
    shelly561's Avatar
    shelly561 Posts: 6, Reputation: 1
    New Member
     
    #2

    Mar 24, 2010, 01:47 PM
    On January 1, 2005, Wolf Corp. issued its 10% bonds in the face amount of $1,000,000, which mature on January 1, 2015.
    The bonds were issued for $1,135,000 to yield 8%, resulting in bond premium of $135,000.
    Wolf uses the interest method of amortizing bond premium. Interest is payable annually on December 31.
    At December 31, 2005, Wolf's adjusted unamortized bond premium should be
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Mar 26, 2010, 08:34 PM

    Please always start your own thread instead of tagging onto someone else's. (Especially when your topic was not even related.) I've moved your posts to their own thread.

    I'm also not sure if you double posted that or that was a system error (since the time is exactly the same), but if you did, please don't. I would also suggest posting just a couple of problems starting some place easy, like with the issuance, and get that idea, which will then help you with some of the other ones. Jumping straight into effective interest amortization may not be the best place to start.

    We don't just do your work for you. You should always include your attempts at the problem like you did the other problem.

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