Brimfest Corporation issued $ 2 400 000 , 10 -year, 6 % bonds for $ 2 352 comma 000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Brimfest 's fiscal year ends on December 31. The amount of discount amortization on July 1, 2019 , would be:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Brimfest Corporation issued $ 2 400 000 , 10 -year, 6 % bonds for $ 2 352 comma 000 on January 1, 2019. Interest is paid semiannually on ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Johanna Breese, a graduate student from Carnegie Mellon, connected with the culture of Madagascar when she created lamba hoany (a native garment) with artful messages to save the more than 150 rare species of animals that inhabit Madagascar.
Answers (1)
Which of the following strategies is best to avoid groupthink
Answers (1)
Mason cancelled a note issued by Emma Mason's niece that arose in connection with the sale of property at the time of cancellation the note had a basis to Mason of $30,000 a face amount of $55,000 and a fair market value of $42,000.
Answers (1)
you inherit $10,000 with the stipulation that you for the first year the money must be invested in two stocks paying 6% and 11% annual interest respectively. How much should be invested?
Answers (1)
Flem is an employee of Glo Goods, Inc. Flem reports to state officials that Glo is illegally shipping unsafe goods to unsuspecting customers. When Glo learns of Flem's report, Glo fires him. He successfully sues Glo for wrongful discharge.
Answers (1)
New Questions in Business
As you're checking out the online edition of your local newspaper, you quickly scan a report in the business section that says government spending will again exceed tax revenues in the current year.
Answers (1)
Swiss Group reports net income of $36,000 for 2018. At the beginning of 2018, Swiss Group had $149,000 in assets. By the end of 2018, assets had grown to $199,000. What is Swiss Group's 2018 return on assets
Answers (1)
Assume that the banking system has total reserves of $100 billion. Assume also that required reserves are 10 percent of checking deposits, and that banks hold no excess reserves and households hold no currency. a.
Answers (1)
Repbulic LLC exchanged land used in its business for some new land to be used in the business. Republic LLC originally purchased the land it exchanged for $37,500. The new land had a fair market value of $39,750.
Answers (1)
Jacob chose to spend the afternoon swimming rather than going to the movies any value given up from not going to the movies is the
Answers (1)