Answer:
$460,000
Explanation:
Data provided in the question
Number of shares sold = 100,000 shares
Explicit fees = $60,000
Offering price = $40
And, the increased share price = $44
Now the total cost of the equity issue is
= Number of shares sold × offering price per share + underwriter explicit fees
= 100,000 shares × $40 + $60,000
= $400,000 + $60,000
= $460,000
Dec 31
Dr Interest expense $72,000
Cr Interest Payable $72,000
($900,000*9%)
(Being to record the first year interest expense accrued)
<h3>What is Interest Payable? </h3>
Interest Payable is a liability account, shown on a company's balance sheet, which represents the amount of interest expense that has accrued to date but has not been paid as of the date on the balance sheet.
In short, it represents the amount of interest currently owed to lenders.
<h3>Is interest payable an asset?</h3>
Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet.
Learn more about interest payable here:
<h3>
brainly.com/question/14608867</h3><h3 /><h3>#SPJ4</h3>
She should make use of websites used by a large number of people and from where information can be shared quickly.
<u>Explanation:</u>
Since Selena Gomez has to make the people aware about a particular contest with which these people might be able to earn some lucky tickets giving them free entry to a concert, the site or the platform that should be used to make people aware about this contest or give information about it should be the one which is used by a large number of people and from where it can be shared quickly from one person to another.
For this purpose, Selena should make use of such websites for giving the information.
Answer:
since there is not enough room here, I used an excel spreadsheet
Explanation:
Staying connected with an old friend is not danger
