1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
beks73 [17]
3 years ago
11

Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued

at a premium includes a __________ to __________.
debit; Premium on Bonds Payable
debit; Cash
credit; Premium on Bonds Payable
credit; Interest Expense
Business
1 answer:
slavikrds [6]3 years ago
6 0
A. Debit; Premium on Bonds Payable
You might be interested in
An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
ra1l [238]

Answer:

Bond Price​= $846.3

Explanation:

Giving the following information:

YTM= 0.05

Maturity= 15*2= 30 semesters

Par value= $1,000

Coupon= $40

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 40*{[1 - (1.05^-30)] / 0.05} + [1,000 / (1.05^30)]

Bond Price​= 614.90 + 231.38

Bond Price​= $846.3

6 0
3 years ago
Which of the following acquisitions would be considered the LEAST related? Group of answer choices A candy manufacturer purchase
kari74 [83]

Answer:

An upscale "white-tablecloth" restaurant chain acquires a travel agency.

Explanation:

Few reasons:

  • Such restaurant are luxurious, so they would want to collaborate with travel agencies but not acquire the whole agency itself.
  • Being the upscale restaurant they have to work on their own image not acquiring unnecessary agencies.
  • They have their own customer market, who won't compromise on the choices they make, so they don't need to acquire a travel agency to increase it's branding as not everyone can afford such restaurants.
4 0
3 years ago
How is a Trial Balance used?
Sloan [31]

In order to create balance sheets and other financial accounts, trial balances are a crucial document for auditors. To identify any accounting problems, a trial balance is performed to ensure that the general ledger accounts' debit and credit column totals match.

<h3>What purpose does a trial balance serve?</h3>

Any mathematical mistakes that have occurred in a double entry accounting system can be found using a trial balance. There shouldn't be any arithmetic errors in the ledgers if the sum of the debits and credits equals the total of the trial balance.

<h3>What exactly does a trial balance contain?</h3>

It varies. A trial balance can be used by businesses to monitor their financial status, and they may create multiple different types of trial balances over the course of the fiscal year.  All of the significant accounting items, including as assets, liabilities, equity, revenues, expenses, gains, and losses, may be included in a trial balance.

To Know more about  trial balance

brainly.com/question/15059786

#SPJ9

3 0
1 year ago
The indifference policy advocates that dividends are irrelevant. firms are indifferent to dividend policy but stockholders are n
n200080 [17]

Answer:

The indifference policy advocates that dividends are irrelevant.

Explanation:

The indifference Policy holds that that dividends do not add value to a company’s stock price.

According to this theory, investors do not need to concern themselves with a company's dividend policy since they have the option to sell a portion of their portfolio of equities if they want cash.

This school of thought believes that a company’s declaration and payment of dividends should have little to no impact on the stock price.

7 0
3 years ago
Use the following information to compute NET INCOME.
maks197457 [2]

Answer:

c. $1,890

Explanation:

As for the provided information, we have

Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.

Thus net income shall be as follows:

Sales - Expenses

Sales = $10,000

Expenses = $4,000 + $1,100 + $1,750 = $6,850

Profit before taxes = $3,150

Less: Taxes @ 40% = $1,260

Net Income = $1,890

Correct option is

c. $1,890

5 0
3 years ago
Other questions:
  • Sky Corp. was a wholly owned subsidiary of Jet Corp. Both corporations were domestic C corporations. Jet received a liquidating
    12·1 answer
  • The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the ye
    8·1 answer
  • 1. The field of management science a. concentrates on the use of quantitative methods to assist in decision making. b. approache
    13·1 answer
  • Your company has a fixed monthly operating cost of $4173 (rent, fixed utilities, etc.) on top of the $5.13 it costs you to make
    7·1 answer
  • Shackleford corporation net income this year is $800,000. The company generally retains 35% of net income for reinvestment. the
    5·1 answer
  • Raymond scores high on practical intelligence and has extensive knowledge and experience in leading a pharmaceutical research te
    15·2 answers
  • The account, Stock Investments, is:________.
    5·1 answer
  • Vaughn Manufacturing has fixed costs of $30000 per year. Its warehouse sells wine with variable costs of 90% of its unit selling
    5·1 answer
  • For approximately how many seconds does 2022 versa’s hill start assist hold the brakes?
    15·1 answer
  • the benefit enjoyed by a third party that is not directly involved in the production or consumption of a good or service is call
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!