The journal entry to record the accrual of interest includes:
- Dr. Interest Expense $5,000
- Cr. Interest Payable $5,000
<h3>What is an
accrual of interest?</h3>
This mean the interest which has been incurred for specific date on a loan but has not yet been paid out.
Here, the Accrued interest expense on 12/31/15 is paid on 1/1/16.
Based on the calculation, the journal entry to record the accrual of interest includes a Debit to Interest Expense for $5,000 and a Credit to Interest Payable for $5,000.
Missing words "On January 1, 2015, Candlestick, Inc. issues $100,000, five-year, 10% bonds at 100 (100% of face value). Assume that interest is payable semiannually on January 1 and July 1."
Read more about accrual of interest
<em>brainly.com/question/1542335</em>
#SPJ1
Answer:
A. Defined benefit plan.
Explanation:
These are options for the question
A. Defined benefit plan.
B. Money-purchase plan.
C. Defined contribution plan.
D. Profit-sharing plan.
E. 401(k) plan.
Defined benefit plan can be regarded as a plan that pledge specified monthly benefit for an employee after retirement. It may use a plan formula for the benefits the formula could be drawn from the employee salary as well as service. It should be noted that the retirement plan that specifies the benefits you'll receive at retirement age based on your total earning and years on the job is Defined benefit plan
Answer:
Option a
Explanation:
The efficient-market theory relates to the financial economics concept which claims that asset values represent all the knowledge available. The direct inference is that it is difficult to reliably "outperform the market" on a threat-adjusted basis because stock rates will respond only to fresh knowledge.
Thus, she is building her portfolio by including an index fund, which are the funds that are managed by copying a particular index of some proclaimed funds such as S and P etc.
Answer:
(B) a cash cow
Explanation:
Based on the information provided within the question it can be said that in this scenario AI Rubber would be considered a cash cow. This term refers to a business and/or product that generates a steady revenue or profit for the owning company or individual. Since AI Rubber has a 45% market share we can say that they are the cash cow of the corporation.