{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-14T00:04:23-04:00", "answer_date": "2024-09-14 00:04:23", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10719945", "url": "\/study-help\/questions\/ten-year-5-bonds-with-a-500000-face-value-were-10719945", "question_creation_date_js": "2024-09-14T00:04:23-04:00", "question_creation_date": "Sep 14, 2024 12:04 AM", "meta_title": "[Solved] Ten year 5% bonds with a $500,000 face va | SolutionInn", "meta_description": "Answer of - Ten year 5% bonds with a $500,000 face value were sold at a discount of $50,000. At the end of Year 3, the bonds' net | SolutionInn", "meta_keywords": "ten,year,5%,bonds,$500,000,face,value,sold,discount,$50,000,end,3", "question_title_h1": "Ten year 5% bonds with a $500,000 face value were sold at a discount of $50,000. At the end of Year 3, the bonds' net", "question_title": "Ten year 5% bonds with a $500,000 face value were sold at", "question_title_for_js_snippet": "Ten year 5 bonds with a $500,000 face value were sold at a discount of $50,000 At the end of Year 3, the bonds' net carrying value on the balance sheet would be $515,000 $485,000 $465,000 $500,000 On January 1, 2026, $1,000,000, 10 year, 10 bonds, were issued for $1,030,000 Interest is paid annually on January 1 If the issuing corporation uses the straight line method (i e , spread out evenly over 10 years) to amortize premiums on bonds payable, the annual interest expense reported on the income statement is $97,000 $100,000 $103,000 $130,000 Ten year 5 bonds with a $500,000 face value were sold at a discount of $50,000 At the end of Year 3, the bonds' net carrying value on the balance sheet would be O $515,000 $485,000 $465,000 O $500,000 On January 1, 2026, $1,000,000, 10 year, 10 bonds, were issued for $1,030,000 Interest is paid annually on January 1 If the issuing corporation uses the straight line method (i e , spread out evenly over 10 years) to amortize premiums on bonds payable, the annual interest expense reported on the income statement is O $97,000 O $100,000 $103,000 O $130,000", "question_description": "

<\/p>

Ten year 5% bonds with a $500,000 face value were sold at a discount of $50,000. At the end of Year 3, the bonds' net carrying value on the balance sheet would be<\/p>

$515,000<\/p>

$485,000<\/p>

$465,000<\/p>

$500,000<\/p>

<\/p>

On January 1, 2026, $1,000,000, 10-year, 10% bonds, were issued for $1,030,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method (i.e., spread out evenly over 10 years) to amortize premiums on bonds payable, the annual interest expense reported on the income statement is:<\/p>

$97,000<\/p>

$100,000<\/p>

$103,000<\/p>

$130,000<\/p>

\"image\"image<\/p> Ten year 5% bonds with a $500,000 face value were sold at a discount of $50,000. At the end of Year 3, the bonds' net carrying value on the balance sheet would be O $515,000 $485,000 $465,000 O $500,000 On January 1, 2026, $1,000,000, 10-year, 10% bonds, were issued for $1,030,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method (i.e., spread out evenly over 10 years) to amortize premiums on bonds payable, the annual interest expense reported on the income statement is: O $97,000 O $100,000 $103,000 O $130,000", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-14 00:04:23", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/business-communication-essentials\/learn-about-corporate-citizenship-lo13-in-recent-years-companies-have-2008153", "description": "Learn about Corporate Citizenship (LO1.3) In recent years, companies have increasingly focused on their social responsibility. Many companies refer to the actions they take to help or give back to...", "stars": 0 }, { "url": "\/the-ledger-of-perez-rental-agency-on-march-31-of", "description": "The ledger of Perez Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. An analysis of the accounts shows the...", "stars": 3.5 }, { "url": "\/study-help\/questions\/ten-year-5-bonds-with-a-500000-face-value-were-10719945", "description": "Ten year 5% bonds with a $500,000 face value were sold at a discount of $50,000. At the end of Year 3, the bonds' net carrying value on the balance sheet would be $515,000 $485,000 $465,000 $500,000...", "stars": 3.5 }, { "url": "\/study-help\/questions\/if-you-are-one-of-the-parties-in-the-contract-2990638", "description": "If you are one of the parties in the contract of negotiable instruments, what other parties do you think will be involved in the contract and what would be their roles and responsibilities, what...", "stars": 3.5 }, { "url": "\/study-help\/questions\/1-consider-the-output-of-a-paper-mill-the-product-1007022", "description": "1. Consider the output of a paper mill: the product appears at the end of a web and is rolled onto a spool called a reel. Every reel is examined for the number of blemishes, which are imperfections....", "stars": 3.5 }, { "url": "\/study-help\/questions\/provide-the-stepbystep-calculations-for-this-question-rod-bd-is-1025417", "description": "provide the step-by-step calculations for this question: Rod BD is made of steel ( E = 29 10 6 psi) and is used to brace the axially compressed member ABC . The maximum force that can be developed in...", "stars": 3.5 }, { "url": "\/study-help\/questions\/1-what-was-the-need-of-zurich-airport-privatization-1003161", "description": "1. What was the need of Zurich airport privatization? + recommendation( words of 500 to 600)* references required+ p lagiarism applied*", "stars": 3.5 }, { "url": "\/study-help\/questions\/z-satellites-body-is-rotating-with-an-angular-velocity-1025768", "description": "Z satellite's body is rotating with an angular velocity about z-axis the solar panels rotate with by angle about y-axis calculate the angular momentum of the satellite", "stars": 3.5 }, { "url": "\/study-help\/questions\/claims-from-a-portfolio-are-believed-to-have-a-pareto-1004253", "description": "Claims from a portfolio are believed to have a Pareto (a,A) distribution. In Year 0, a=6 and 2=1,000. An excess of loss reinsurance arrangement is in force, with a retention limit of 500. Inflation...", "stars": 3.5 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/windhoek-mines-limited-of-namibia-is-contemplating-the-purchase-of-10719944", "next": "\/study-help\/questions\/a-company-with-excess-capacity-must-decide-between-scrapping-or-10719946" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Ten year 5% bonds with a $500,000 face value were sold at", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/ten-year-5-bonds-with-a-500000-face-value-were-10719945" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }