During the current year, Eddy Corp. incurred the following costs in connection with the issuance of bonds:
Printing and engraving
$ 30,000
Legal fees
160,000
Fees paid to independent accountants for registration information
20,000
Commissions paid to underwriter
300,000
What amount should be recorded as a deferred charge to be amortized over the term of the bonds under U.S. GAAP?
$510,000
$210,000
$300,000
$480,000
Choice "A" is correct. $510,000. Under U.S. GAAP, all costs associated with the issuance of bonds should be capitalized and amortized over the outstanding term of the bonds since issue. Capitalized costs include:
微信号：gaoduntiku
合作账户登录：
账户名：
密码：
关注官方微信
微信号:gaoduneclass
高顿网校
售前咨询(9:00-21:00)
400-168-8811
在线客服点击咨询
售后咨询(9:00-21:00)
021-31068088
fankui@gaodun.com
微信扫一扫实时资讯全掌握
Copyright © 2006- 高顿网校, All Rights Reserved.
