contestada

At the end of 2018, hauke company purchased 6,000, $1,000, 9% bonds. the carrying value of the bonds at december 31, 2018 was $5,880,000. the bonds mature on march 1, 2023, and pay interest on march 1 and september 1. hauke sells 3,000 bonds on september 1, 2019, for $2,964,000, after the interest has been received. hauke uses straight-line amortization. the gain on the sale is

Respuesta :

FreshPrinxce

Answer:

$14,400

Explanation:

$120,000 × 8/50 = $19,200

($5,880,000 + $19,200) ÷ 2 = $2,949,600

Gain would now be

$2,964,000 - $2,949,600 = $14,400.

Cheers

Otras preguntas