1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tigry1 [53]
3 years ago
13

A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life

. The bonds sold for $107,850. The entry to record the issuance of the bonds will include:
Business
1 answer:
Juli2301 [7.4K]3 years ago
3 0

Answer:

                                          Dr.           Cr.

Cash                            $107,850

Bond Payable                               $100,000

Premium on Bond Payable          $7,850

Explanation:

When the Bond is issued on the price more than its face value, the exptra amount from face value received is called Bond Premium.

Bond Face value = $100,000

Issuance price = $107,850

Premium Paid =$107,850 - $100,000 = $7,850

You might be interested in
Why is the study of finance important?​
Nastasia [14]

Answer:

Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. ... And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.

7 0
3 years ago
For Tax Year 2019, amounts are indexed using the Chained Consumer Price Index for All Urban Consumers ("chained CPI"). What impa
Effectus [21]

Answer:

d. Using the chained CPI will not have a notable impact on 2019 tax returns.

Explanation:

when amounts are indexed using the chanined consumer price index, they increase slowly because there is a period to period connection in the consumer price index.

Therefore, The use of the chained consumer price index would have not have any significant impact on 2019 tax returns.

3 0
3 years ago
The three phases involved in the management of large projects are
Simora [160]
Operations management are multiple activities that create value for consumers by way of a good or service. The create the good or service and put them out in the market. 
When planning a managing a large product you need to make sure that the phases are follow throughly and accurately.
Phase 1) Planning
Phase 2) Scheduling
Phase 3) Controlling
8 0
3 years ago
The existence of financial middlemen and financial intermediaries increases the efficiency of the financial markets.
zimovet [89]

It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market

<h3>Who are financial intermediaries?</h3>

This refers to those entities that acts as the middleman between two parties in a financial transaction such as a commercial bank, investment bank, mutual fund, or pension fund. They offer a number of benefits to the average consumer such as safety, liquidity, and economies of scale involved in banking and asset management.

However, It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market because only the buyers and seller influence an efficiency of the financial market.

Read more about financial intermediaries

brainly.com/question/14748844

#SPJ1

3 0
2 years ago
Gasoline and bicycles are complements in consumption. Suppose we increase the federal gasoline tax to $1 per gallon. What are th
dalvyx [7]

Answer: A

Explanation:

A complementary good is a product that is used together with another product. Without its complement, such a good will have little value. When there is increase in the price of a particular product, the demand of its complement reduces because consumers may not be able to use the complement on its own.

Complements have negative cross elasticity of demand i.e there is increase in the demand for a product when the price of its complement reduces. If bicycles and gasoline are complements, an increase in tax on gasoline will have a negative effect on the demand for bicycle. Due to the price increase of gasoline, less people will demand for bicycle. The initial change that will occur as a result of this is that as there is a price increase for gasoline, there will be a leftward shift in the demand for bicycle. This implies that less bicycle will be demanded for.

7 0
3 years ago
Other questions:
  • A researcher conducts a survey of people who use anxiety medications, recruited through an advertisement in the local paper. the
    13·1 answer
  • At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o
    13·1 answer
  • A machine cell uses 195 pounds of a certain material each day. Material is transported in vats that hold 25 pounds each. Cycle t
    5·1 answer
  • 32,500 shares of common stock outstanding at a price per share of $80 and a rate of return of 12.95 percent. The firm has 7,350
    9·1 answer
  • En que afecta la venta de mascotas exoticas a la biodiversidad?
    12·1 answer
  • Identify Ten (10) Differences that exist Between
    7·1 answer
  • 3.
    8·1 answer
  • Georgia’s gross pay was $35,600 this year. She is to pay a federal income tax of 16%. How much should Georgia pay in federal inc
    5·1 answer
  • What is Globalization?
    13·2 answers
  • as a means of exchange in our economy makes it easier for people to make transactions with each other.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!