Answer:
$0
Explanation:
Data given in the information
Product X is the byproduct.
In addition, the By products are recorded in the general ledger at the point of sale
So in this case, the quantity sold is considered only no other things would be recognized
Hence, in this the quantity sold and quantity produced is not recorded
Therefore , No ending inventory should be recognized in the general ledger for this by products
Answer:
$20,000
Explanation:
Based on the information given about Amble Inc the amount that Amble should record the truck received should be $20,000 because the book value is the amount of $12,000.
Secondly since we were told that the exchange has commercial substance which means that the amount of $20,000 which is the fair value of the truck which the buyer is willing to buy from the seller should be the amount that Amble should record the truck received .
Therefore Amble should record the truck received at the amount of $20,000
Answer:
since you are required to calculate the effective yield to maturity, you cannot use the approximate YTM formula since it is not exact. You will need to use a financial calculator, online calculator or excel spreadsheet. I prefer to use an excel spreadsheet and use the IRR function:
a) initial outlay = -$970
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 8.31%
Since the bond is sold at a discount, the effective yield will be higher than the coupon rate.
b) if hte bond is sodl at par, the effective yield to maturity is the coupon rate = 8%
c) initial outlay = -$1,170
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 6.49%
Since the bond is sold at a premium, the effective yield will be lower than the coupon rate.
Answer:
c. structure that supports the real property of a creditor.
Explanation:
Accept Ha. The calculator test statistic does not fall within the rejection region of the curve is the answer
