Answer:
1 Cash 11,190,000
Discount on Note Payable 810,000
Note Payable 12,000,000
2- Interest Expense 810,000
Discount on Note Payable 810,000
3- Note Payable 12,000,000
Cash 12,000,000
Explanation:
In order to pass the Journal entry for issuance of Note Payable. First we need to calculate the Discount on issue of Bond Payable. The discount on note payable is calculated using the 12,000,000 x 9% x 9/12 = 810,000. In case of note payable is discount is interest expense for issuer hence on due corporation will pay full value of note to purchaser of note.
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Answer:
See attached file
Explanation:
The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.
The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:
Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.
Stock Divided will register as Stockholders´ contributions.
extra satisfaction received from consuming one more unit of a product.
Answer:
The answer is "Choice B".
Explanation:
Please find the numbering of the question in the attached file.
Jack needed to steal money to create a children's Wild Wild West hillbilly animatronic rewards house. The state has a surplus, that has forced up Jack's already too high rate of return to exploit.
Its consequence for crowdedness is government spending for capital investors. Enhanced public expenditure results in domestic income. Its increase in government income generates an unstable monetary market with the increase in interest rates and holds the demand for money equal to a money supply set by a commercial bank. Increased rate of interest affects manufacturing costs but declines in private sector investment.