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[DOC File]P15-2A Kusmaul Electric sold $500,000, 10%, 10-year bonds ...
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Mar 17, 2010 · This price resulted in an effective-interest rate of 8% on the bonds. Atwater uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1. Hint: Prepare entries to record issuance of bonds, payment of interest, and amortization of bond premium using effective-interest method.
effective interest method of amortization

[DOC File]Old Exam Packet – Acct 284 - Iowa State University
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14. On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest rate of 7%. The market interest rate is 5%. The issue price of the bond was $10,866. Using the effective interest method of amortization and rounding to the nearest dollar, the interest expense in the first year ended December 31 would be: A ...
effective interest amortization table

[DOC File]1
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May 29, 2009 · The amortization of the bond discount was recorded under the effective-interest method. Interest was paid on January 1 and July 1 of each year. On July 2, 2007, several years before their maturity, Klein retired the bonds at 102.
interest rate method of amortization

[DOC File]2210 - Group Quiz 4 - WCNet
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Determine the bond selling price, prepare an amortization schedule using the “Effective Interest Amortization Method”, as discussed in Chapter 10, and prepare all relevant journal entries. 1) Bee Gee Movie, Inc. issued $2 million of 5 year bonds on January 1, …
effective interest method amortization calculator

[DOC File]Chapter 1, Section 4 - Purdue University
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If the loan in Problems 86 and 87 was repaid using the amortization method, but the annual payment was equal to the sum of the interest payment and at the sinking fund deposit, calculate the interest rate under the amortization method. A loan of 20,000 is being repaid with annual payments for 5 years using the sinking fund method.
effective interest rate amortization excel

[DOCX File]Sample PSAB Notes to Financial Statements
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For financial instruments measured using amortized cost, the effective interest rate method is used to determine interest revenue or expense. (Please note that PS 3450.81 to .84 specify some disclosure requirement for financial instruments included in the fair value category and define a …
interest method amortization

[DOC File]1._Some of the factors to be considered in determining ...
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It was therefore designated by the APB as the preferred method of amortization. The straight-line method may be used if the interim results of using it do not differ materially from the resulting amortization using the effective-interest method. The total amortization will, of course, be the same under either method over the life of the bond. 12.
calculate effective interest amortization

[DOC File]An Effective Method for Teaching and Understanding ...
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For example, if an annuity has annual payments, then to correctly use formula 2, an effective annual interest rate must be used. If an annuity has monthly payments, then to correctly use formula 2, an effective monthly rate must be used. Consider a 20-year loan with an effective annual interest rate …
effective interest rate amortization table

[DOC File]accountingreviewmaterials « Be a CPA with or without a ...
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c. be the same as what it would have been had the effective-interest method of amortiza-tion been used. d. be less than the stated (nominal) rate of interest. 33. Under the effective-interest method of bond discount or premium amortization, the periodic interest expense is equal to
effective interest method of amortization

[DOC File]1 - Purdue University
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The loan can be repaid using the amortization method at an annual effective interest rate of i. If the annual payment under either option is equal, calculate i. (11 points) A 20 year bond with annual coupons is redeemable at its par value of 10,000.
effective interest amortization table

Amortization table using effective interest rate method