In a society with a market economy, property rights are generally enforced by

svp [43]

Answer:

1. False

2. True

3. True

Explanation:

In Accounting, declaring and paying a stock dividend only decreases Retained Earnings but not Stockholders' Equity on the balance sheet because it has no effect on the cash position of an organization.

5 0

2 years ago

Camila is a new employee at Dario Enterprises and is undergoing training. A senior employee from her team is assigned to mentor

Lapatulllka [165]

Answer:

C. On-the-job training

Explanation:

3 0

3 years ago

When the end-of-period spreadsheet is complete, the adjustment columns should have:_________. a) total debits greater than total

Llana [10]

Answer:

C. Total debits are equal to total credits

Explanation:

When the end-of-period spreadsheet is complete, the adjustment columns should have:

Total debits equal to total credits.

When this happens, the trial balance is considered to be balanced.

If revenues are greater than expenses, then income statement will give a credit balance. If expenses are bigger than revenues, your income statement will show a debit balance.

7 0

3 years ago

On January 1, 2021, Pence Airlines issued $400,000 of its 20-year, 8% bonds. The bonds were priced to yield 10%. Interest is pay

finlep [7]

Answer:

1) the price of the bonds can be determined by calculating the PV of the face value and coupon payments:

PV of face value = $1,000 / 1.05⁴⁰ = $142.05

PV of coupon payments = $40 x 17.159 (PV annuity factor, 5%, 40 periods) = $689.36

PV of each bond = $831.41 x 400 = $332,564

January 1, 2021, bonds issued at a discount

Dr Cash 332,564

Dr Discount on bonds payable 67,436

Cr Bonds payable 400,000

2) amortization of bond discount = (332,564 x 5%) - 16,000 = $628.20 ≈ $628

June 30, 2021, first coupon payment

Dr Interest expense 16,628

Cr Cash 16,000

Cr Discount on bonds payable 628

3) amortization of bond discount = (333,192 x 5%) - 16,000 = $659.60 ≈ $660

December 31, 2021, first coupon payment

Dr Interest expense 16,660

Cr Cash 16,000

Cr Discount on bonds payable 660

4) bonds carrying value on December 31, 2021 = $333,852 - $335,000 = $1,148

December 31, 2021, adjusting entry for bonds' fair market value

Dr Unrealized loss on bonds' fair value 1,148

Cr Fair value adjustment 1,148

4 0

2 years ago

When an organization continues serving the same clients by offering the same product or service, maintaining market share, and

iren [92.7K]

Answer:

Stability strategy.

Explanation:

Stability strategy: It is one of the major corporate strategy, which focuses on reducing the risk of expansion, investment or innovation. This strategy generally adopted by small scale businesses and have conservative approach toward risk or if market condition is not favorable for the business. Therefore, they do not make a significant change in their operations, they continue serving the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations.

6 0

3 years ago