r 10 Quiz ? ezto.mheducation.com/hm.tpx value 0.71 points M10-10 Computing and R

Question

r 10 Quiz ? ezto.mheducation.com/hm.tpx value 0.71 points M10-10 Computing and Reporting a Bond Liability Issued at a Premium [LO 10-3] E-Tech Initiatives Limited plans to issue $700,000, 10-year, 5.00 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2016. Show how the bonds would be reported on the January 2, 2016, balance sheet if they are issued at 102 E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of December 31, 2016 Carrying Value References Worksheet pe here to search

Explanation / Answer

Solution:

$714,000.00

E-Tech Initiatives Limited Balance Sheet (Partial) As of January 2, 2016 Particulars Amount Bond Payable $700,000.00 Premium on bond Payable $14,000.00 Carrying value

$714,000.00

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.