Answer:
Dr Cash for $461,795,
Cr Premium on Bonds Payable for $11,795
Cr Bonds Payable for $450,000
Explanation:
Journal entries
Dr Cash for $461,795,
Cr Premium on Bonds Payable for $11,795
Cr Bonds Payable for $450,000
(Issue price of $461,795 - par value of $450,000) =$11,795
D - you write email for others to read. Composing a well-written email makes it easier on the recipient, showing your consideration for them.
Answer:
The correct answer is letter "C": Matosas matrix.
Explanation:
In business fraud detection, the Matosas matrix is a chart useful for contract bidding. Its key feature is allowing to enter <em>multiple indicators in the chart</em>. Each column in the chart represents an indicator so, those indicators can be combined for an easier understanding of the study and to spot the indicators that need adjustments for better results.
Answer:
US GAAP allows LIFO
Explanation:
The last in, first out (LIFO) inventory valuation system uses the price of the last units purchased in order to determine the cost of goods sold. The International Financial Reporting Standards (IFRS) require that companies use the first in, first out (FIFO) inventory valuation system or the weighted average system. While US GAAP accepts LIFO, FIFO or weighted average.