Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a company issued 1000, 4 years annual bond having

a company issued 1000, 4 years annual bond having face value of 10000 each with a...

70.2K

Verified Solution

Question

Finance

a company issued 1000, 4 years annual bond having face value of10000 each with a coupon rate of 14% if the market rate is 12%calculate amortization to be charged in year 3, ? and bond value asreported in balance sheet of company at the end of year 2

Answer & Explanation Solved by verified expert
4.2 Ratings (555 Votes)
AnswerNumber of bonds issued 1000Face value per bond 10000Face value of bonds Number of bonds issued Face value    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

a company issued 1000, 4 years annual bond having face value of10000 each with a coupon rate of 14% if the market rate is 12%calculate amortization to be charged in year 3, ? and bond value asreported in balance sheet of company at the end of year 2

Other questions asked by students

Q

What is the conceptual difference between the (1) percentage of creditsales and (2) aging methods of...

Accounting
Q

emma Norton, aged 26 is admitted to hospital with an acute exacerbation of her COPD Using the...

Medical Sciences
Q

Point charges of 6.75 µC and −4.00 µC are placed 0.300 m apart. (Assume the negative charge...

Physics
Q

Why does genetic drift affect a small population more than a large one A the...

Biology
Q

Graph the linear equation by the point plotting method or by finding intercepts 8y 16...

Algebra
Q

Jordan and Sullivan start a partnership on January 1 of the...

Accounting
Q

According to the World Bank, in 2017, what fraction of the worlds adults do not...

Accounting
Q

34. Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT...

Accounting
Q

On January 1, Year 4, Palmer Company (Palmer) purchased 70% of the outstanding common shares...

Accounting
Q

On January 1, 2020, Pharoah Company had inventory of $56,000. At December 31, 2020, Pharoah...

Accounting
Q

On May 10, Metiock, Inc. issues 2,400 shares of $5 par value common stock for...

Accounting
Q

Monson Corporation has two products: G and P. The company uses activity-based costing and has...

Accounting