Nicholas Smith Fitness Gym has $ 700, 000 of 20-year bonds payable outstanding. These bonds had a discount of $ 56, 000 at issuance, which was 10 years ago. The company uses the straight-line amortization method. The current carrying amount of these bonds payable is
A. $ 672, 000.
B. $ 644, 000.
C. $ 700, 000.
D. $ 728, 000.
Ans: A. $ 672, 000.
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Amy owned a collection of antique swords. Amy agrees to allow Mark to display the swords at
his office building at no charge. Mark picks up the swords, places them in the back seat of his car and drives to the building. He stops along the way, parks and locks his car, and goes into a store to buy something. When he returns, someone has broken into the car and stolen all of Amy's swords. Amy sues Mark for the value of the swords. In this situation: A) Mark is liable; he owed a duty of ordinary care, which he did not meet. B) Mark is not liable; he owed a duty of ordinary care, which he met by locking the doors of the car. C) Mark is liable; he owed a duty of utmost care, which he did not meet. D) Mark is liable; he is an insurer of Amy's swords. E) Mark is liable; he owed a duty of slight care, which he did not meet.
The difference between the value of the product and its price remains with the customer as consumer surplus
Indicate whether the statement is true or false.