subject
Business, 29.03.2021 21:10 kat5669

"Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Date Cash interest Effective interest Decrease in balance Outstanding balance 1/1/2021 $ 207,020 6/30/2021 $ 7,000 $ 6,211 $ 789 206,230 12/31/2021 7,000 6,187 813 205,417 6/30/2022 7,000 6,163 837 204,580 12/31/2022 7,000 6,137 863 203,717 6/30/2023 7,000 6,112 888 202,829 12/31/2023 7,000 6,085 915 201,913 6/30/2024 7,000 6,057 943 200,971 12/31/2024 7,000 6,029 971 200,000 LPC calls the bonds at 103 immediately after the interest payment on 12/31/2022 and retires them. What gain or loss, if any, would LPC record on this date?"

ansver
Answers: 1

Another question on Business

question
Business, 20.06.2019 18:04
The chart shows a production possibilities schedule for sabrina’s soccer. combination: soccer balls: soccer nets: a 10 0 b 8 1 c 6 2 d 4 3 e 2 4 f 0 5 which statement correctly explains the chart? a. the opportunity cost of producing one soccer net is eight soccer balls. b. the opportunity cost of producing two soccer nets is two soccer balls. c. the opportunity cost of producing two soccer balls is one soccer net. d. the opportunity cost of producing four soccer balls is three soccer nets.
Answers: 1
question
Business, 22.06.2019 16:10
The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense
Answers: 3
question
Business, 23.06.2019 00:40
What role do business cycles play in a market economy
Answers: 2
question
Business, 23.06.2019 07:00
Rare beef roasts can be cooked to what internal temperature? a) 120°f b) 130°f c) 145°f d) 155°f
Answers: 1
You know the right answer?
"Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected t...
Questions
question
Mathematics, 08.02.2021 22:00
question
Mathematics, 08.02.2021 22:00
question
Health, 08.02.2021 22:00
Questions on the website: 13722365