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strojnjashka [21]
3 years ago
9

1. Swifty Corporation redeemed $132,200 face value, 11% bonds on June 30, 2020, at 107. The carrying value of the bonds at the r

edemption date was $119,200. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded.
2. Crane Company redeemed $145,000 face value, 18% bonds on June 30, 2020, at 94. The carrying value of the bonds at the redemption date was $148,000. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded.
Business
1 answer:
Tasya [4]3 years ago
3 0
The anwser is $14,928
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Explanation:

The journal entry to record the re-issuance of the stock is shown below:

Cash A/c Dr $240,000      (20,000 shares × $12)

Retained earnings A/c Dr  $80,000

       To Treasury stock $320,000

(Being the re-issuance of the stock is recorded)

The computation is shown below:

For treasury stock

= 20,000 shares × ($16 per share - $12 per share)

= $80,000

So as we can see the retained earnings is decreased by  $80,000

8 0
3 years ago
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Answer: (A) Assistant project managers

Explanation:

 The main role of the assistant project manager is that it basically assisting the project managers by coordinating, analyzing and planning the specific project.

 The main responsibility of the assistant project  managers is to supporting the given function of the project and execute the given project.

According to the given question, a typical project office is basically responsible for managing the large projects which include both the project manger and the assistant project managers.  

 Therefore, Option (A) is correct answer.    

3 0
2 years ago
What is the historical development of accounting​
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Answer:

Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.

Explanation:

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3 years ago
explain on how the media can influence public opinion of sports personalities in both a positive and a negative way...
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Depreciation is a _____, a cost that cannot be affected by any future action.
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<span> <span><span>Depreciation is a </span>sunk cost. </span></span>It is the value lost on an asset after consumption. In accounting, depreciation cost qualifies as a sunk cost because it is already lost and cannot be recovered. For that reason, it is correct to ignore depreciation cost when determining the future course of a business.
7 0
3 years ago
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