Interest Revenue On Bonds Is Reported As
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Part of comprehensive income but not as part of net income.
Interest revenue on bonds is reported as. For companies in the business of lending money interest revenues are reported in the operating section of the multiple step income statement. The account unrealized gain loss on trading securities is reported on the. Interest revenue on bonds is reported as part of other income. The stock is purchased for 38 a share plus brokerage fees of 175.
Interest revenues are nonoperating revenues or income for companies not in the business of lending money. As part of other income d. As an addition to the investment in bonds account as part of comprehensive income but not as part of net income. Jarvis corporation makes an investment in 200 shares of saxton company s common stock.
Answer to interest revenue on bonds is reported a. Chapter 14 15 interest revenue on bonds is reported as part of other income. Income statements as other income expenses. As part of operating income.
This entry would be made every 6 months for 10 interest payments. Part of other revenue loss b. An addition to the investment in bonds account b. Which of the following stock investments should be accounted for using the cost method.
Are reported at their amortized value on the balanced sheet date. To record bond interest received. An addition to the investment in bonds account d. Interest revenue on bonds is reported.
Interest revenue on bonds is reported as a. Interest revenues account includes interest earned whether or not the interest was received or billed. As an addition to the investment in bonds account. A as an addition to the investment in bonds account b as part of comprehensive income but not as part of net income c.
Part of comprehensive income but not as part of net income c. Part of other income d. As part of other income. See full answer below.
Question 34 interest revenue on bonds is reported as a. Part of income from operations c. Interest revenue is considered as income from non operating activity thus should. Investment in bonds 5 000 10 interest payments 500 interest revenue.
As part of other income. To record capitalization of bond premium. Part of operating income 2.
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