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2 years ago

Question 5 of 20

Business

1 answer:

umka21 [38]2 years ago

7 0

When you invest your money, it is likely that in future your purchasing power will A. go up and down.

<h3>What will happen to your purchasing power?</h3>

If you invest your money today, there is a chance that you will get back more money than you deposited, or less than you deposited.

This means that you will either have more money or less money to purchase goods and services. In other words, your purchasing power will go up and down.

Find out more on purchasing power at brainly.com/question/2286004.

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Hoffman Corporation retires its bonds at 106 on January 1, following the payment of semiannual interest. The face value of the b

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Answer:

B. credit of $4,200 to Gain on Bond Redemption

Explanation:

face value 400,000

callable at 106

cash disbursements 400,000 x 1.06 = 424,000

carrying value (after discount or premium) 419,800

as is higher than face value the onds have a premium for 19,800 dollars

result at redemption:

book value - market value

419,800 - 424,000 = 4,200

Journal entry

Bonds Payable 400,000 debit

Premium on BP 19,800 debit

Cash 424,000 credit

Gain on Bond of Redemption 4,200 credit

This makes B option correct.

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National income accountants can avoid multiple counting by1. only counting intermediate goods. 2. only counting final goods.3. i

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Answer:

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Explanation:

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