Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 3.00

Rikki Company

1?Rikki Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2014. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31. Rikki uses the straight-line method of amortization. What is the amount of interest Rikki must pay the bondholders in 2014? (

2.Garland Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2013. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31. Garland uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015?

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Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 10:09 PM My Price 3.00

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