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How to calculate premium on bonds payable? The company could issue $1,500,000 of long-term bonds, due in 4 years with a stated rate of interest,
How to calculate premium on bonds payable?
| The company could issue $1,500,000 of long-term bonds, due in 4 years with a stated rate of interest, paid semiannually, of 8%. The market rate for similar debt is 6%. | |||||
| NFT Consulting and Sales Inc. | |||||
| Balance Sheet (Partial) | |||||
| October 31,2018 | |||||
| Long Term Liabilities: | |||||
| Bonds Payable | 1500000 | ||||
| Add: Premium on Bonds Payable | |||||
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Audit And Accounting Guide Employee Benefit Plans
Authors: American Institute Of Certified Public Accountants
1st Edition
0870515756, 978-0870515750
