On January 1, 2016, Sharpsburg, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2016?
a. $352,960
b. $354,200
c. $355,452
d. $400,000
c
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At the year end inventory count, if goods in transit are shipped FOB destination, they should be included in the inventory count of
a. The seller b. The buyer c. Neither the buyer nor the seller
Salespeople use geographic information systems to:
A. stay in constant contact with their sales managers. B. acquire instant knowledge. C. increase their sales quotas. D. send text messages to customers and prospects. E. create more efficient routing patterns.
Which of the following represents the amount of equity that a company generates through the sale of stock to investors?
a. Long–term liability b. Contributed capital c. Intangible assets d. Retained earnings
Identify its drawbacks?
What will be an ideal response?