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hichkok12 [17]
3 years ago
9

Bonds payable has a balance of $1,000,000, and discount on bonds payable has a balance of $12,500. if the issuing corporation re

deems the bonds at 99, what is the amount of gain or loss on redemption?
Business
1 answer:
Agata [3.3K]3 years ago
8 0
The amount of loss on redemption is $2,500. Calculating the gain or loss in bond redemption is simply by If you take the redemption proceeds and subtract what you originally paid for the bond, then the difference will tell you the answer. If the answer is positive then it will be a gain and if it is negative then it is a loss. The answer in this question is $2,500 loss.
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What is enhanced by skillful organization of the information presented in a report?
morpeh [17]
Skilful organization of the information put in a report will make it easy to understand, and if it is a scientific report it will have an introduction, observations and conclusions so that it is all tied together and the conclusions are a logical wrapping up of the introduction and observations.
6 0
3 years ago
Hutchinson Company had retained earnings of $15,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained
Zanzabum

Answer:

a. $12,000

Explanation:

The Cash of $2,000 had been set aside for the plant expansion does not affect the unrestricted retained earnings. it is just confirms that they have restricted the $2,000 of retained earnings for the plant expansion, in form of cash.

$3,000 of the retained earnings is restricted ($2,000 for plant expansion and $1,000 for bond repayments)  

retained earnings is available for dividends = $15,000 - $3,000

= $12,000

Therefore, The retained earnings is available for dividends is $12,000

3 0
3 years ago
Wood Company pays each of its three salespeople a base salary of $300 per month plus a commission of 10 percent of sales. The ba
AnnZ [28]

Answer:

$2,900

Explanation:

First, calculate the base salary of the 3 salespeople and that is:

<em><u>3 salespeople multiplied by $300 each is equal to </u></em><em><u>$900</u></em><em><u>.</u></em>

Now, the commission to be paid in December is based on the November Sales of $20,000.

<em><u>So 10% percent of $20,000 is </u></em><em><u>$2,000</u></em><em><u>.</u></em>

Finally, add the 2 figures ($900 + $2,000) and you'll get the total salary and commission cash disbursements for December of $2,900.

4 0
3 years ago
A _________ is generally considered an appreciating asset because it may _________ in value over time. A:car; increase B:car; de
Sergeeva-Olga [200]
A house is generally considered an appreciating asset because it may increase in value over time.

Hope that helps.
8 0
3 years ago
3. Using the business idea you chose in Assignment 6, write a mission statement, vision statement, and list of 3-5 company value
shusha [124]

Answer:

<em>A mission statement is usually disseminated internally. While the company vision is future-focused, the mission combines forward thinking with present goals.</em>

Explanation:

1. Life is Good: To spread the power of optimism

2. Patagonia: Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis.

3. American Express: We work hard every day to make American Express the world's most respected service brand.

4. Warby Parker: To offer designer eye wear at a revolutionary price, while leading the way for socially-conscious businesses.

3 0
3 years ago
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