Answer:
A moral standard refers to the norms which we have about the types of actions which we believe to be morally acceptable and morally unacceptable. Specifically, moral standards deal with matters which can either seriously harm or seriously benefit human beings.
Explanation:
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Answer:
Given that,
Flounder Inc. issued convertible bonds = $2,840,000 par value
Interest rate = 7%
Sold for cash = $97
If the bonds had not included the conversion feature, then
Sold for = $95
Therefore, the journal entry is as follows:
Cash A/c ($2,840,000 * 0.97) Dr. $2,754,800
Discount on issue of Bond A/c Dr. $85,200
To 7% Convertible Bonds payable $2,840,000
Answer:
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Answer:
<em>The entries are prepared in a tabular form in the explanation section below</em>
Explanation:
<em>From the example, the first step to take is to prepare he entries, if any, on each of the three dates that involved dividends.</em>
<em>Date Account titles and explanation Debit Credit</em>
<em>June 15 Cash Dividends $119,760 </em>
<em> Dividends Payable $119,760</em>
<em>July 10 Dividends Payable $119,760</em>
<em> Cash $119,760</em>
<em>Dec. 15 Cash Dividends $161,300</em>
<em> Dividends Payable $161,300</em>
