Which items from a bond amortization table are reflected on a company’s Balance Sheet? a) Cash...
Which items from a bond amortization table are reflected on a company’s Balance Sheet?
a) Cash paid and Premium/Discount amortization only
b) None of the above.
c) Interest Expense only
d) Interest expense, Cash Paid and Premium/Discount amortization.
e) Interest Expense and Cash paid only
Homework Answers
Correct answer-----------b) None of the above.
.
The carrying value of bond is reflected on the balance sheet.
The interest expense of bond is reflected on income statement only.
As far as Amortization of discount or premium are concerned, they are not reflected in any of the final financial statements that are Balance sheet, Income statement and Statement of cash flows.
Add Answer to:
Which items from a bond amortization table are reflected
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Choices of Classification are
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if $691,000 of 8% bonds are issued at 94, what is the amount of cash recieved...
if
$691,000 of 8% bonds are issued at 94, what is the amount of cash
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Choices of Classification are
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if
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recieved from the sale ?
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