The balance in the Bonds Payable account is a credit of $67,000. The balance in the Discount on Bonds Payable account is a debit of $3,350. What is the bond's carrying amount?
A) $3,350
B) $70,350
C) $67,000
D) $63,650
D .Bonds Payable $67,000
Less: Discount on Bonds Payable 3,350
Bond Carrying Amount $63,650
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Answer the following statement true (T) or false (F)
In February 2018, the storage building used in Amelia's business is damaged by a windstorm. It had an adjusted basis of $150,000 at that time. Due to changing insurance companies, the building had been appraised recently, with a resulting FMV of $200,000. After the storm, the building appraised at $120,000. Amelia has received no insurance reimbursement by December 31, but expects to recover 90 percent of the loss. In the subsequent year, the insurance company pays Amelia $50,000. Amelia's AGI is $85,000 in 2018, and her 2019 AGI is $80,000. Amelia suffers no other casualty losses in either year. Amelia may deduct
A. $30,000 loss in 2018 and $0 in 2019. B. $8,000 loss in 2018 and $22,000 loss in 2019. C. $0 loss in 2018 and $30,000 loss in 2019. D. $80,000 loss in 2018 and $50,000 gain in 2019.
All decisions that result in a favorable outcome are considered to be good decisions
Indicate whether the statement is true or false
Typically, the interest rate on corporate bonds will be ________ the more restrictions are placed on management through restrictive covenants, because ________
A) higher; corporate earnings will be limited by the restrictions B) higher; the bonds will be considered safer by bondholders C) lower; the bonds will be considered safer by buyers D) lower; corporate earnings will be higher with more restrictions in place