Ask Question
BusinessBusiness
3 August, 06:48

X2 buys back the bonds for $103,000 immediately after the interest payment on 12/31/2022 and retires them. What gain or loss, if any, would X2 record on this date?

+1
Answers (2)
  1. 3 August, 08:41
    0
    Answer: $61,800 (loss)

    Explanation: 20% interest on the bond $103,000 after a year = 0.20 X $103,000 = $20,600

    Then after 2 years, that is, 2022, the amount = 2 X $20,600 = $41,200

    ∴ Amount, that is, loss received = $ (103,000 - 41,200) = $61,800
  2. 3 August, 09:06
    0
    The answer is $327 loss

    Explanation:

    Gain (loss) = Carrying Value-buy back value

    = 102673-103000

    (loss) = 327

    So the answer is $327 loss
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “X2 buys back the bonds for $103,000 immediately after the interest payment on 12/31/2022 and retires them. What gain or loss, if any, would ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The National Highway Traffic Safety Administration (NHTSA) is responsible for all of the following except: A. establishing safety regulations for auto manufacturers B. constructing new highways C. enforcing automobile recalls D.
Answers (1)
If the money multiplier is 4 what is the required reserve ratio
Answers (1)
Mcmurtry corporation sells a product for $180 per unit. the product's current sales are 12,900 units and its break-even sales are 11,094 units. the margin of safety as a percentage of sales is closest to:
Answers (1)
LO 7.1Which of the following is true in a bottom-up budgeting approach? Every expense needs to be justified. Supervisors tell departments their budget amount and the departments are free to work within those amounts.
Answers (1)
Most of the late nineteenth-century business tycoons began their careers in poverty or lower class circumstances. Group of answer choices True False
Answers (1)
New Questions in Business
Which tab in the Group Policy Results window shows all events in Event Viewer that are generated by group policies, and can be used to view the relevant information on a remote computer?
Answers (1)
The Backwoods American company operates a telephone order system for a catalogue of its outdoor clothing prod- ucts. The catalogue orders are processed in three stages.
Answers (1)
Using notes outside of given key to produce heightened color is referred to as A. Orchestration B. Chromatisicm C. pallete work D. Tonality
Answers (2)
Which of the following are not excludable as an employee fringe benefit? a. Public transportation costs of $130 per month provided by the employer b. Employee deductions of $4,200 for dependent childcare expenses c.
Answers (2)
What was ireland's greatest export during the 1840s?
Answers (2)
Home » Business » X2 buys back the bonds for $103,000 immediately after the interest payment on 12/31/2022 and retires them. What gain or loss, if any, would X2 record on this date?
Sign Up Forgot Password?