Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings

Homework answers / question archive / Rubotics Corporation issued $1,000,000 of 6

Rubotics Corporation issued $1,000,000 of 6


Rubotics Corporation issued $1,000,000 of 6.5%, 8-year bonds dated June 30, 20X5, with semiannual interest payments on December 31 and June 30. The bonds were issued on June 30, 20X5, for $1,033,750, Rubotics Corporation's year-end is December 31.

a) Were the bonds issued at a premium, a discount: or at par?
b) Was the market rate of interest higher, lower, or the same as the contract rate of interest?
c) If the company uses the straight-line method of amortization, what is the amount of interest expense Rubotics Corporation will show
for the year ended December31, 20X5 (round to the nearest dollar)
d) What is the carrying value of the bonds on December 31, 20X5?

Option 1

Low Cost Option
Download this past answer in few clicks

2.89 USD


Already member?

Option 2

Custom new solution created by our subject matter experts


Related Questions