To record the retirement of bonds we have to debit the bond payable account with $435,376, debit the interest account with $22,914, and credit the cash account with $458,290.
The retirement of the bond takes place when they are required to be redeemed before they mature. In other words, if the company wants to buy back its bonds before the period of the bond is over. Sometimes the company will also have to pay the interest amount that is due on the bond to the bond-holder.
The bondholders are creditors of the company. These are the people to have loaned money to the company and who the company has to pay back either at maturity or when the company wants. This should be specified to the bondholder before issuing him the bond. The transaction that will be written to record the transaction will be:
Bonds Payable a/c Dr. 435,376
Interest a/c Dr. 22,914
To cash a/c 458,290.
(Being the bonds retired and interest amount paid)
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Despite the doctors gloomy prognosis when i entered the hospital, i was up and about "<span>in a matter of days".
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Prognosis refers to medical term which is used for foreseeing the probability of a man's survival. When connected to substantial factual populations, prognostic evaluations can be extremely exact: for instance the statement "40% of patients with serious septic shock will die in 30 days" can be made with some certainty, on the grounds that past research found that this extent of patients passed on. This factual data does not make a difference to the anticipation for every individual patient: extra data is expected to decide if a patient has a place with the 40% who will die, or to the 60% who will survive.
Answer:
A list of specific steps needed to be done to reach a goal
Explanation:
An action plan shows the steps that must be taken to achieve a specified objective. It is a document that outlines the path that needs to be followed to meet the set goals. An action plan gives details on the of every step, and its relevance to attaining the overall goal.
<u>The details contained in each step include </u>
- The financial resources required to accomplish the step
- Source of the finance
- The tasks that need to be performed
- The individual to perform each task
- The supervisor of the step
- The desired outcome from the step
Answer:
Tuition for a course in marketing is deductible business expense
Explanation:
There are a few expenses related to business that a self-employed could claim deductions on. Some of these expenses are cost of meal and travel expenses fore business purpose.
One such deductible expense is tuition fees incurred on a course to hone current job skills. Tuition fees incurred on attending a course that is not related to current business is not deductible.
Groceries to prepare lunch and clothes bought to wear to work are considered personal and not business expenses and so are not deductible.
