The discount on bonds payable ledger account is a contra liability account. a. True b. False If the straight-line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity. a. True b. False...
Define amortizations. amortizations synonyms, amortizations pronunciation, amortizations translation, English dictionary definition of amortizations. n. 1. a. The act or process of amortizing. b. The money set aside for this purpose. 2. In reckoning the
with the example, if the bond was issued at a discount of $150, the semiannual amortization using the straight-line method is $15: ($150 / 5) / 2 = $30 / 2 = $15. Debit interest expense by $55 ($40 + $15), credit cash by $40 and credit discount on bonds payable by $15...
Explain the straight-line method of amortizing discount and premium on bonds payable. 1. Explain two key similarities and the major element of difference between bonds and insurance policies. 2. Discuss about two reasons that why an owner will often require that the contractor provide a p...
b. (in computing the yield on a bond purchased at a discount) the amount that is added to each yield to bring the cost of the bond into equality with its par value over its life. Compare amortization2 4. (Education) the taking of a first and an advanced university degree simultaneously...
The Company uses the cost model for subsequent measurement of investment property, the life, less the estimated net salvage value, after provision for depreciation or amortization by the straight-line method. 翻译结果2复制译文编辑译文朗读译文返回顶部 正在翻译,请等待... 翻译结果3复制译文编辑译文朗读...
If Bao amortizes intangible assets using the straight line method, the amortization expense on these assets for the fiscal year will be: A. $1 million. B. $2 million. C. $3 million. 点击查看答案 第8题 【单选题】Why did Mr. Crawford compare Tony with the greatest American industrialist...
工程经济课后答案(Engineering economy after the answer) The first chapter 1. what is the engineering economics? Answer: is the principle and method of engineering economy analysis based on knowledge engineering and economics integration and the formation of engineering economy, technology of various proje...
Amortization is typically expensed on astraight-line basis. The same amount is expensed in each period over the asset's useful life. Assets that are expensed using the amortization method typically don't have any resale or salvage value.2 The term amortization is used in another unrelated contex...
When a discounted bond is sold, the amount of the bond’s discount must be amortized to interest expense over the life of the bond. When using the effective interest method, thedebitamount in the discount on bonds payable is moved to the interest account. Therefore, the amortization causes i...