he following partial amortization schedule is available for Carla Vista Co. who sold $600000, 5-year, 10% bonds on January 1, 2020 for $624000 and uses annual straight-line amortization. BOND AMORTIZATION SCHEDULE Interest Periods Interest to be paid Interest expense Premium Amortization Unamortized Premium Bond Carrying Value January 1, 2020 $24000 $624000 January 1, 2021 (i) (ii) (iii) (iv) (v) Which of the following amounts should be shown in cell (ii)?. $64800 $48000 $62400 $55200
he following partial amortization schedule is available for Carla Vista Co. who sold $600000, 5-year, 10% bonds on January 1, 2020 for $624000 and uses annual straight-line amortization. BOND AMORTIZATION SCHEDULE Interest Periods Interest to be paid Interest expense Premium Amortization Unamortized Premium Bond Carrying Value January 1, 2020 $24000 $624000 January 1, 2021 (i) (ii) (iii) (iv) (v) Which of the following amounts should be shown in cell (ii)?. $64800 $48000 $62400 $55200
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 73E
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he following partial amortization schedule is available for Carla Vista Co. who sold $600000, 5-year, 10% bonds on January 1, 2020 for $624000 and uses annual straight-line amortization.
BOND AMORTIZATION SCHEDULE | |||||
Interest Periods
|
Interest
to be paid |
Interest
expense |
Premium
Amortization |
Unamortized
Premium |
Bond Carrying
Value |
---|---|---|---|---|---|
January 1, 2020
|
$24000 | $624000 | |||
January 1, 2021
|
(i) | (ii) | (iii) | (iv) | (v) |
Which of the following amounts should be shown in cell (ii)?.
$64800
$48000
$62400
$55200
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