What is a common axiom for information technology professionals? Know the business. An axiom is a statement that is given to someone or something being established, accepted or knowledge. Those that work in information technology (IT), and really, any field need to know the business to succeed.
Answer: $2,890,426
Explanation:
= Cash received + Mortgage assumed - Points paid by Peyton - Broker's ,commission
= 1,867,200 + 1,120,320 - 22,406 - 74,688
= $2,890,426
Answer:
include the cost of selling, delivering, and after-sales support for customers
Explanation:
The period cost is the cost which includes the major part of the selling and admin expenses plus it is also not capitalized and can be incurred according to the passage of time
So as per the given situation, the third option is correct as it includes the selling, delivering cost and after sales support
Therefore all the other options are wrong
ANSWER:
B. A direct deduction from the face amount of the debt.
EXPLANATION:
To define An Unamortised bond you should know the meaning of these terms,
A) A PAR of a bond: this is referred to as the bond's value at maturity. That is the value of a bond when it matures.
B) A bond DISCOUNT refers to the the bond's excess of par value over its selling price. That is the difference between the par value and the amount the bond is sold.
And now an AMORTIZED BOND DISCOUNT is the balance of a bond discount that remains to be amortized by the issuing firm over the bond's life until it matures.
It is the difference between a Bond's value at maturity and the proceeds from the sale of the bond by the issuing company, less the portion that has already been amortized (written off in gradual increments) on the profit and loss statement.
It is usually reported on the balance sheet of the issuer as the Direct deduction from the face amount of the debt.
