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When effective interest method is used to amortize bond premium or discount the periodic amortization will be?
increasse if the bonds were issued at either a discount or premium.
Is the straight-line amortization or effective interest rate method better?
This method is preferred over the straight-line method of amortizing bond discount or bond premium. Amortization of a bond discount or premium is the difference between the interest expense and the nominal interest payment. The amortization entry is: Interest Expense (effective interest rate x carrying value) Cash (nominal interest rate x face value) Bond Discount (for the difference)
Is the Sales discount account a debit or credit?
Sales discount is subtracted from gross sales in arriving at net sales. It is a contra revenue account, so it is ALWAYS debit.
What is the amount of money sub tracted from the sales price?
The amount of money subtracted from the sales price is typically referred to as a discount or deduction. This can be a fixed amount or a percentage of the sales price. For example, if an item costs $100 and a $20 discount is applied, the amount subtracted from the sales price is $20, resulting in a final price of $80.
What is a amount of money subtracted from the sales price?
The amount of money subtracted from the sales price is commonly referred to as a discount. Discounts can take various forms, such as percentage reductions or fixed dollar amounts, and are often used to incentivize purchases or clear inventory. They effectively lower the final price a customer pays for a product or service.
Price paid after the discount is subtracted is called?
Price paid after the discount is subtracted is called the discount price. This is also commonly referred to as the net price.
What is the price paid after discount is subtracted?
Tax
Amount of money subtracted from sales price?
discount
An amount subtracted from the regular price is called what?
A discount.
What is a price paid after the discount is subtracted?
Tax
What is it when Price paid after the discount was subtracted?
Total after rebate.
What a amount of money subtracted from the sales price?
That would probably be the discount.
What is the Price made after discount is subtracted?
The price made after the discount is subtracted is known as the "discounted price" or "final price." To calculate it, you subtract the discount amount from the original price. For example, if the original price is $100 and the discount is 20%, the discount amount would be $20, making the final price $80.
Amount of money subtracted from the sales price?
dicount
An amount of money subtracted from the sales price?
Called a "discount".
What is money subtracted from the sale price?
Also known as a discount.
When effective interest method is used to amortize bond premium or discount the periodic amortization will be?
increasse if the bonds were issued at either a discount or premium.
