Answer:
a. essentially the same under IFRS and GAAP.
Explanation:
A bond is a fixed income instrument that represents the indebtedness of the borrower to the investor or creditor (bond issuer). They're basically loans that are given to large organizations or government.
This ultimately implies that, when an investor or creditor purchases a bond, an agreed amount of money is being borrowed to the issuer as a loan. Consequently, the bond issuer is expected to pay an interest with a return of principal at maturity to the holder (investor or creditor) of the bond.
Hence, bonds payable only arises when a company issues bonds so as to generate cash for its business and plans. Thus, the company is a borrower as the bond issuer while the holder of the bond is a debt-holder (investor or creditor). This further would mean that, the company becomes liable to the investor. Therefore, bonds payable should be recorded on the long-term liability side of the balance sheet being used by the company.
Bonds are issued at par or premium or discount and as such bond issuer records the face value of the bond as bonds payable.
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and financial accounting standards board (FASB).
The accounting for bonds payable is essentially the same under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).
FALSE. Directive leadership is thought to be less effective when employees have low levels of ability.
If employees have low levels of ability this is when they need directive leadership.
Answer:
B. All of these are correct.
Explanation:
- The restriction must not be more broad than is necessary to serve the substantial government interest.
- The restriction must directly advance the substantial government interest.
- The government interest that will be advanced by the restriction must be substantial.
Answer:
Date Account Titles and Explanation Debit Credit
June 15 Cash Dividends $103,500
[(60000+9000)*$1.5]
Dividends payable $103,500
(Being dividend declared for 69000 shares at $1.5 each)
July 10 Dividends payable $103,500
Cash $103,500
(Being dividend paid)
Dec 15 Cash Dividends $116,800
[(60000+9000+4000)*1.6]
Dividends payable $116,800
(Being dividend declared for 73000 shares at $1.6 each)
Answer:
The explanation and solution of this question is given below in explanation section.
Explanation:
The correct option of this question is :
The broker’s escrow trust account.
This method mostly used in freelancing. Upwork is one of the freelancing websites. It uses escrow trust account where potential buyer deposit the down payment and this deposit payment will be released to a potential client as he completes the contract with the buyer.
Why other options are not correct.
The amount does not directly deposited in the seller's bank account. because it is chances that the seller either will not work or complete the work and take the money away.
A salesperson bank account is also an incorrect option.
