chapter 14-4

chapter 14-4 - B) Page 684 states that companies can no...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
a) Cash  $6,120,000.00  Premium  $120,000.00  Bonds Payable  $6,000,000.00  Bonds payable  $5,000,000.00  Loss on redemption of bonds  $300,000.00  Discount on bonds payable  $100,000.00  Cash  $5,200,000.00  The disclosure would state the 300,000 loss on redemption is due to the call for redemption of The proceeds from the sale of bonds payable issued dec 18, 2007 due Dec 18, 2027 were use
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: B) Page 684 states that companies can no longer report these gains/losses as extraordinary, so it should be reported under ordinary losses. f the bonds issued at 9% on January 2, 1993 at January 2, 2008. ed to purchase back the 9% bonds due Jan 2, 2018...
View Full Document

Page1 / 2

chapter 14-4 - B) Page 684 states that companies can no...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online