Amortized bond premium adjustment
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The premium or discount over the par is amortized over the bond’s life. Other Long-Term Liabilities. Leases. Capital lease (transfer of ownership): recognized as asset (depreciated) and liability. If operating lease: balance not affected, lease payments treated as operating expense. Employee Benefits: Pension Plans, Healthcare Benefits
[DOC File]Revenue Bonds and project costs disbursements from System ...
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The bonds were issued for $3,405,000 to yield 8%, resulting in bond premium of $405,000. Solis uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2010, Solis's adjusted unamortized bond premium should be. a. $405,000. b. $377,400. c. $364,500. d. $304,500. 108.
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Less: Amortization of bond premium (350) ... The amount of discount amortized under the straight-line method is the same for all years: $6,500 discount ( 12/120 = $650. ... The discount or premium involved is an adjustment of the stated rate of interest to the effective or yield rate of interest. The reason Startup received less than $100,000 ...
Amortization of Bond Premium | Step by Step Calculation with ...
The difference ($10, the difference between the adjustment to the par value of the debt recorded, or $476,200, and the amount of the premium recorded, or $476,190). The premium (or discount) recorded is to be amortized over the remaining life of the Revenue Bonds (generally 19 years) on a straight line basis, with the offsetting entry for ...
[DOC File]Corporate Finance
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Derivative premium is the amount paid (acquired derivative) or received (written derivative) to enter into a derivative contract. At inception, the premium generally represents the fair value of the derivative. Derivative premium that is not paid or received at inception represents a liability or …
[DOC File]E15-3(Stock Issued for Land) Twenty-five thousand shares ...
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The exception is investment in treasury zero coupon bonds which are reported at par and adjusted to market value on the FMS 2108. The market value adjustment is necessary to meet the Department of Treasury policy for scoring zero coupon bond investments against the debt subject to limit, the statutory ceiling of the amount of U.S. debt outstanding.
[DOC File]The following scenario reflects investment activity for a ...
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(c)Fair Value Adjustment (available-for-sale) 465. Unrealized Holding Gain or Loss—Equity [($74,086 + $949) – $75,500]465. EXERCISE 17-3 (15–20 minutes) (a)January 1, 2013. Debt Investments322,744.44. Cash322,744.44 (b)Schedule of Interest Revenue and Bond Premium Amortization. Effective-Interest Method. 12% Bonds Sold to Yield 10%
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Garr Co. issued $5,000,000 of 12%, 5-year convertible bonds on December 1, 2010 for $5,020,800 plus accrued interest. The bonds were dated April 1, 2010 with interest payable April 1 and October 1. Bond premium is amortized each interest period on a straight-line basis. Garr Co. has a …
[DOC File]1._Some of the factors to be considered in determining ...
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Jun 16, 2009 · Bond premium is amortized on a straight-line basis. Hint: (LO 1) Instructions Make the necessary journal entries for: a. December 31, 2008. b. January 1, 2009. c. March 31, 2009. d. June 30, 2009. Record the conversions using the book value method. (a) December 31, 2008. Bond Interest Expense 156,000. Premium on Bonds Payable 4,000 ($80,000 X 1/20)
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