Answer:
Dr Bonds payable 1,600,000
Dr Loss on redemption of bonds 36,800
Cr Cash 1,632,000
Cr Discount on bonds payable 4,800
Explanation:
Loss/gain on redemption of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss
Answer:
$35,000
Explanation:
The value of the coin is equivalent to the selling price i.e $35,000
As it is mentioned in the question that coin would be sell in the open market instead of purchasing it
Since the coin is sold at the open market so the same is to be considered
And, therefore the value of the coin is $35,000
Hence, the first option is correct
Answer:
True.
Explanation:
Inflation is an economic term that can be defined as the increase in the prices of a product on the market in a given period.
It can occur due to several factors, when there is an imbalance between supply and demand, then it is correct to say that when the demand for a product is greater than the supply, there will be an increase in prices and, consequently, inflation.
It can also occur when there are situations of monopoly, which is the pricing of a product controlled by a company.
Another factor that causes inflation is the increase in a company's production costs, which can be caused by factors such as scarcity, or economic crisis.
Uncontrolled inflation has a negative impact on the consumer's life, which starts to lose its purchasing capacity and has its quality of life reduced.
Answer: Option A
Explanation: In simple words, debt financing refers to a process under which an organisation borrows money from other parties without giving any share in the ownership rights.
These finances are usually gathered by selling bonds bills and notes to the general public. Whereas, equity finance sells its ownership rights and raise money from it.
Hence from the above we can conclude that the correct option is A.
A popular manuscript format during the Gothic period was the <u>Moralized Bible</u>, <span>which paired selected scriptural passages with interpretations, using pictures and words to convey the message.
Its original name is </span><span>Bible moralisée, also known as biblia pauperum (Paupers' Bible), which is a type of a Bible with illustrations for the majority of poor people who couldn't read at the time. The Church still wanted to educate even the poor about the events of the Bible, but given that they couldn't read, they introduced pictures to help them out.</span>
