subject
Business, 01.11.2019 06:31 PineaPPle663

Several years ago brant, inc., sold $880,000 in bonds to the public. annual cash interest of 8 percent ($70,400) was to be paid on this debt. the bonds were issued at a discount to yield 12 percent. at the beginning of 2013, zack corporation (a wholly owned subsidiary of brant) purchased $110,000 of these bonds on the open market for $131,000, a price based on an effective interest rate of 6 percent. the bond liability had a book value on that date of $740,000. assume brant uses the equity method to account internally for its investment in zack.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:40
According to the philosopher immanuel kant, the right of employees to know the nature of the job they are being hired to do and the obligation of a company not to deceive them in this respect is mainly reflective of the basic right of . privac yb. free consentc. freedom of speechd. freedom of consciencee. first refusal
Answers: 1
question
Business, 22.06.2019 11:00
If the guide wprds on the page are "crochet " and "crossbones", which words would not be on the page. criticize, crocodile,croquet,crouch,crocus.
Answers: 1
question
Business, 22.06.2019 11:20
Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.
Answers: 3
question
Business, 22.06.2019 12:10
Drag each label to the correct location on the image determine which actions by a manager are critical interactions - listening to complaints - interacting with customers - responding to complaints - assigning staff duties -taking action to address customer grievances -keeping track of reservations
Answers: 2
You know the right answer?
Several years ago brant, inc., sold $880,000 in bonds to the public. annual cash interest of 8 perce...
Questions
question
Mathematics, 13.12.2019 03:31
Questions on the website: 13722359