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Cerrena [4.2K]
1 year ago
7

A company that is not a commercial bank issues a 10-year bond. it is exempt from sec registration, regardless how sold. the issu

er must be what type of organization?
Business
1 answer:
Ne4ueva [31]1 year ago
3 0

The issuer must be of the organization where <u>Securities issued by nonprofit organizations are exempt from </u><u>federal registration</u><u>, regardless of how they are sold.</u>

<h3>What is federal registration?</h3>
  • The federal registration, the U.S. federal government's official journal, publishes notices to the public, proposed regulations, and guidelines for government agencies.
  • Except for federal holidays, it is published every workday. The Code of federal registration (CFR), which is revised yearly, codifies the final rules issued by a federal agency and published in the Federal Register after being rearranged by theme or subject matter.
  • The Government Publishing Office prints the federal registration after it has been assembled by the Office of the federal registration (a division of the National Archives and Records Administration). The federal registration is free from copyright restrictions because it is a government-produced work and belongs to everyone.

To learn more about federal registration with the given link

brainly.com/question/15135734

#SPJ4

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As the attrition loss in a process increases, what happens to the yield?
sp2606 [1]

Answer:

The yield decreases

Explanation:

6 0
2 years ago
On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the
nirvana33 [79]

Answer:

A. Adjusting Entries on April 30:

Debit Legal Services Expense $3,500

Credit Legal Services Expense Payable $3,500

To record April legal services expense.

Debit Notes Interest Expense $1,932

Credit Notes Interest Payable $1,932

To record accrued interest expense.

Debit Salaries Expense $5,600

Credit Salaries Expense Payable $5,600

To record 2 days salaries accrued.

B. Journal Entries during May:

May 3:

Debit Salaries Expense Payable $5,600

Debit Salaries Expense $8,400

Credit Cash Account $14,000

To record payment of salaries.

May 12:

Debit Legal Services Expense Payable $3,500

Credit Cash Account $3,500

To record the payment of legal services for April.

May 20:

Debit  Notes Interest Payable $5,787

Credit Cash Account $5,787

To record payment of interest on notes.

Explanation:

Adjusting entries are made at the end of an accounting period to record expenses and revenue that have accrued but are not yet paid or received.  They are also used to account for expenses and revenue made in advance.  The purpose is to ensure that the accounting records reflect the period's actual expenses and revenue incurred and earned.

8 0
3 years ago
Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2021 are as follows: ($ millions)
ruslelena [56]

Answer:

Please see below

Explanation:

1. Calculate the pension expense for 2021.

($ millions)

Service cost. $50

Interest cost. $30

Expected return on the plan assets

(1,300 × 6%). ($78)

Amortization of prior service cost $

Amortization of net gain or loss - AOCI $

Pension expense $2

2. Journal expense to record pension expense, gains or losses, prior service cost, funding and payment of benefits for 2021.

1.

Pension expense. Dr $2

Plan assets [expected return on assets] Dr $78

To PBO (50 + 30) Cr $80

(To record the pension expense)

2.

Prior service cost - OCI Dr $18

To PBO Cr $18

(To record the prior service cost)

3.

PBO Dr $36

To Gain - OCI Cr $36

(To record the gain from change in actuarial assumption)

4.

Loss- OCI [1,300 × 6%] - ($23). Dr $55

To Plan assets Cr. $55

(To record the gain or loss on assets)

5.

Plan assets. Dr $40

To Cash Cr. $40

(To record the funding)

6.

PBO Dr $46

To Plan assets. Cr 46

(To record the retiree benefits)

3. What amount will electronic distribution report in its 2021 balance sheet as a net pension asset or net pension liability.

PBO balance, Jan 1 $530

Service cost. $50

Interest cost. $30

Gain from change in actuarial assumption. ($36)

Prior service cost(New). $18

Benefit paid ($46)

PBO balance, December 31. $546

Plan assets balance, Jan 1. $300

Actual return on plan assets $23

Contributions $40

Benefits paid ($46)

Plan assets balance, December 31 $317

PBO balance, December 31 $546

Plan assets balance, December 31 $317

Net pension liability. $229

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3 years ago
What are the profound and philosophical goals and benefits of a modern industrial society, according to Frederick Winslow Taylor
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Explanation:

The greatest objective and benefit of a modern industrial society according to Taylor was the transformation of management into a science, which should maintain the standardization of administrative processes in order to reduce production time and maintain the quality of work.

He developed the rational organization of work, a tool for researching human labor conditions, such as division of labor, specialization, standardization, supervision, salary incentives, etc., whose aim was to analyze how such factors influence productivity and the quality with which a worker perceives and performs his work.

The benefits of Taylor's management model were reduced working hours, perceived employee appreciation, reduced costs, improved organizational environment, etc.

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