On January 1, 2007, Kite Co. redeemed its 15-year bonds of $2,500,000 par value for 102. They were originally issued on January 1, 1995 at 98 with a maturity date of January 1, 2010. The bond issue costs relating to this transaction were $150,000. Kite amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of loss should Kite recognize on the redemption of these bonds (ignore taxes)
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This Post Has 4 Comments
answer; closing the loop;
answer///supply is elastic, and demand is inelastic;
Someone who needs financial planning.
a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.
so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.