Answer:
b. credit to Cash $60,000.
Explanation:
Given that:
Hurley Corporation issues the principal amount of $500,000
Time = 5 years
Rate = 12% at 96 with interest payable on January 1
Discount on issue =500000 × (1 - 0.96) = 20000
Annual discount amortization= 20000/5 = 4000
Interest payable = 500000× 12% = 60000
From the information given in the question; we can have a journal entry to determine the what the straight-line method will include.
So, let have a look at the table below:
Discount on issue 20000
Annual discount 4000
amortization
Debit Credit
Interest expense 64000
Discount on Bonds payable 4000
Interest payable 60000
Now; The January 1 entries will now be as follows:
Debit Credit
Interest payable 60,000
Cash 60,000
Thus; The entry on January 1 to record payment of bond interest assuming amortization of bond discount used the straight-line method will include a: <u>Credit to cash $60,000</u>
Answer:
$51,200 was the cash dividends paid
Explanation:
Cash dividends paid=opening cash dividends payable +cash dividends declared-closing cash dividends payable
opening cash dividends payable is $27,000
cash dividends declared is $55,000
closing cash dividends payable is $30,800
cash dividends paid =$27,000+$55,000-$30,800=$51,200
The amount of cash transfers made in respect of shareholders dividends in the year is $51,200.
The logic is that the whatever is left unpaid at year end should be deducted from the balance owed year plus the new dividends declared this year
Explanation:
that the company and employees are apply by all government equal rights laws
The answer is market share. Entering foreign markets will
require a certain company or firm to attain their market share because compared
to local markets, foreign markets are different and requires strategies and
planning—in which, they should do what it takes to attain their market share
that is a portion of their market controlled by them.
Answer:
The answer is: $2,700
Explanation:
The house sold for $180,000 (= 90% x $200,000).
The total commission was $9,000 (= $180,000 x 5%), split in half between listing office and selling office.
The selling broker received his $4,500 commission, and then h paid his selling associate 60% of it.
The selling associate received a $2,700 commission (= 60% x $4,500)
