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alina1380 [7]
2 years ago
10

when the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually for a selling price of $

60,000. when the bonds mature, the issuer records its payment of principal with a (debit/credit) to bonds payable in the amount of $
Business
1 answer:
Tresset [83]2 years ago
6 0

When the bonds mature, the issuer records its payment of principal with a (debit) to bonds payable in the amount of $50,000.

What is the  original entry into the bonds payable account?

As at the time the bonds were issued, the bonds payable account would have been credited with bond's face value of $50,000 to indicate that the issuing company is indebted to the tune of $50,000.

When the bonds mature, there would a reversing journal entry, which reverses the original entry by debiting bonds payable account with $50,000, face value of the mature bonds.

Find out more about bond redemption on:brainly.com/question/14778799

#SPJ1

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a checking account allows depositors to withdraw cash from an automated teller machine (atm) or write checks against money depos
Brums [2.3K]
I believe your answer is A)True.
4 0
3 years ago
Read 2 more answers
What to do with office space to make money? How would you arrange them?
hoa [83]

Answer:

a bigger space

Explanation:

a bigger space because u have a alot to do. you can have more people working. or if it private then a room for secretary and your office in the business

7 0
3 years ago
Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are
mafiozo [28]

Answer:

The answer is "205,241"

Explanation:

Its relative value operation:

                                                         Smooth skin        Seedling Skin           Total

A Unit sold                                            240000        \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \     110000

selling price per unit                           \$ \ 3.10   \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \               \$ \ 5.10            

Sales value                                 \$ \ 744,000  \ \ \ \ \ \ \ \ \ \ \ \$ \ 561,000 \ \ \ \ \ \ \ \ \ \ \  \$ \ 1,305,000

Join its cost allocate(360000 \times \frac{sales\ value}{1305000}) 205,241 \ \ \ \ \ \     154,759  \ \ \ \ \ \    360,000

Smooth Skin is assigned the combined costs within each development process by way of the relative cost process                                        205,241

3 0
2 years ago
The effect of the declaration of a cash dividend on a company's financial statements is to:_______
likoan [24]

The effect of the declaration of a cash dividend on a company's financial statements is to decrease both stockholders' equity and total assets.

<h3>What are cash dividends?</h3>

Dividends are cash payments made to the stockholders of a public company. Stockholders are individuals who purchase shares in a public company.

Dividends are paid with cash, thus, the assets of a company would decline. Since assets is positively related to stockholders equity, stock holder's equity would also decline.

To learn more about dividends, please check: brainly.com/question/13672624

#SPJ1

5 0
2 years ago
Answer following question with true or false and explain.A firm's profit margin is 5%, its debt/assets ratio is 56%, and its div
maria [59]

Answer:

False

Explanation:

As a company's sales level increases, its current assets will increase, e.g. cash, inventories, accounts receivables increase. generally, also the fixed assets increase, specially if the firm was previous producing at full capacity even before total sales increased. But as sales increase, not only do the company's assets increase, its current liabilities generally increase also, and its profits should increase. In this case, 60% of the company's profits are reinvested in the company, and the liabilities represent more than half of the total assets. Therefore, it is possible that the company needs external financing, but it is also possible that it doesn't. You cannot assume that the company will necessarily need external financing, because retained earnings  and the increase in current liabilities might be enough to finance the company's growth in sales.

8 0
3 years ago
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