[wkh1]

i am doing very worse at bond, anyone got advice how to K.O the topic of Bond?

[Fk]

I Would suggest buying Ninja Plus for FAR, Bob has explained very well on Bonds , Govt Accounting , Not For Profit , Pension etc

[Anthony]

Journal entries. If you understand the journal entries it's a breeze for most time.

[Skynet]

I usually watch the Daniel Craig films and drink a few Martinis before tackling it starting with Casino Royale.

[waffle_house]

@skynet

Good one lol

[A]

Another pitch for Bob Monette/Ninja Plus videos, and MCQs until you puke. I spent an hour and a half with Bob's videos on Saturday and made a Great Leap Forward. Now I look forward to getting a big hairy bond MCQ in my practice sets.

B - 77 (2.27.16)
A - 81 (4.18.16)
R -
F -

Roger Review + Ninja MCQs

[wkh1]

i actually have Becker for FAR. For some reason, is just bond is hard to understand, guess i have to practice on the J/E and re-watch the lecture again..this monster is killing me! I must K.O it!!!

[wkh1]

Question: On December 31, Year 1, Kristi Corporation issued a 10 percent $1,000,000 bond due in five years. Interest is due on June 30 and December 31. The Yield or market rate is 12 percent and the bond sold for $926,395. Bond Issuance cost of $20,000 were incurred. The effective interest rate is 12.58 percent
Dr Cash $906,395
Dr Discount and bond issuance costs $93,605 = ($73,605 discount+$200,000 bond issuance costs)
Cr Bond Payable $1,000,000

How does the $73,605 come out from?

Can someone explain to me please
Thanks

[Anthony]

$73,605 is just a plug.

Dr Cash $906,395
Dr Discount ???
Dr Issuance cost 20k
Cr………………………..B/p 1000k

Solve for discount.
Discount = $73,605

[wkh1]

thanks for the answer!

[T Rev]

I am averaging in the 60s, trending in the 80s, so I am needing to shore up a few areas before my test in 10 days. With that little time, would it be worth it to get Ninja Plus? I have passed the other three using primarily Ninja MCQ and Blitz, but I am finding with FAR having so much content, The Ninja Blitz, Audio, and Notes do not go in depth enough for me to have some things click. Worth it with my limited time and having gotten the other products?

[Author]

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