Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. porter corp issued the following bond at 95: matur

Porter Corp issued the following bond at 95: Maturity amount and date: $160,000 due in...

50.1K

Verified Solution

Question

Accounting

Porter Corp issued the following bond at 95:

Maturity amount and date: $160,000 due in 10 years

Interest: 10 percent per year payable each December 31

Determine the carrying value reported on the balance sheet at the issue date.

Multiple Choice

$160,000

$155,000

$152,000

$165,000

Answer & Explanation Solved by verified expert
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

Other questions asked by students

Q

A projector screen is 3.5 ft tall and 6 ft wide. You want to project a...

Basic Math
Q

What human tissues are affected by malaria? What are the main clinical manifestations of the disease?

Biology
Q

List the 6 different steps in systematic design process and explain each step.

Mechanical Engineering
Q

Find the inverse Laplace transform of a. F(s) =  se-6s/(s-2)(s2+2s+1) b. F(s) = e-12s/s3(s2+4)

Advance Math
Q

A sample of 16 joint specimens of a particular type gave a sample mean proportional limit...

Basic Math
Q

uestion 10 Cell theory is one of the foundations of biology What are the tenants...

Biology
Q

4 none of these 2 An applied voltage signal consists of a superposition of a...

Physics
Q

Exercise 11-6(Algo) Stock issuance for noncash assets LO P1 Sudoku Company...

Accounting
Q

Which one of the following methods uses units of output to allocate joint costs to...

Accounting
Q

Which of the following statements about primary and secondary tax authorities is false? Primary authorities...

Accounting
Q

need all 4 parts urgent Cooperative San Jose of southern...

Accounting
Q

Gold Coast Corporation's adjusted trial balance contained the following accounts December 1, 2015 Prepaid Insurance...

Accounting