Thank you very much for this. I have no idea why it wasn't clicking from my Wiley CPA course, this bond amortization and present/future values have me hitting a wall. So demoralizing. But this video was helpful, I will be replaying a few times until it sticks. Hoping there are more videos on your channel that can supplement the FAR section. Thanks a lot.
You're welcome! Thank you and please visit the website for more farhatlectures.com/ Start your free trial! Contact me for more: LinkedIn: www.linkedin.com/in/professorfarhat. Facebook: facebook.com/farhatlectures Instagram: instagram.com/farhatlectures/?hl=en Reddit: www.reddit.com/user/Farhatlectures
Sir I had a query regarding premium amortization, in premium amortization in the above question in the bond interest expense * carrying value of bond sir we don't do half of the value =103,600*0.99702*2 because in the discount amortization carrying value multiply by market rate was being multiply by half which is 96,400*10.031*2=4835 can you please explain me this
Hi Tarun, sure. You can find all these topic in intermediate accounting course here: farhatlectures.pathwright.com/library/?category=Intermediate+Accounting
What is the je for increasing carrying amounts decreasing unamortized . Year end entries. Concept is explained good but please explain anything completely