On January 2, 2012, Golden Corporation sold $800,000 of bonds for $785,000. The bonds will mature in 10 years and pay interest annually on December 31. Golden properly recorded the payment of interest and amortization of the discount using the effective interest method. Which of the following statements is true about the carrying value of the bonds and/or the unamortized discount at the end of
2012?
A) The carrying value will be less than $785,000.
B) The carrying value will be $785,000.
C) The carrying value will be greater than $785,000.
D) The unamortized premium will be more than $15,000.
C
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Indicate whether the statement is true or false
Two kinds of noncurrent liabilities are
A) deferred liabilities and rescheduled obligations. B) bills payable and credit card balances due. C) co-signor agreements and bankruptcy judgments. D) noncurrent portions of loans with repayment schedules and loans without repayment schedules.
Which sentence uses correct capitalization?
A) Bruce and I will attend the grand opening of our new corporate headquarters. B) Bruce and i will attend the grand opening of our new corporate Headquarters. C) Bruce and I will attend the Grand Opening of our new corporate headquarters
UniOil, a U.S. firm, owns property in Venezuela. When the government of Venezuela seizes the property, UniOil asks a U.S. court to order the property's return. The court rules that Venezuela is exempt from the court's jurisdiction. This is
a. a travesty of justice. b. the act of state doctrine. c. the doctrine of sovereign immunity. d. the principle of comity.