Answer:
Debit cash with $750,000; and credit Bond payable also with $750,000.
Explanation:
The journal entry will appear as follows:
<u>Date Details Dr ($) Cr ($) </u>
Jan. 1 Cash 750,000
Bond Payable 750,000
<u> </u><em><u> To record the issuance of bond. </u></em><u> </u>
Answer: $4
Explanation:
The Bottle division is said to be able to meet all excess demand outside as well as that of the Cologne Division.
When this is the case in a company, individual divisions are allowed to transfer to each other at a rate equal to their Variable Costs. This is the general rule.
The Variable Costs for the containers is $4 so that is the transfer price as well.
Answer:
C : expensing a part of the cost of a building
Explanation:
A deferral is an amount of money that was earned or paid but that would be included in the income statement in a future accounting period. According to this, the answer is expensing a part of the cost of a building because the company pays the cost of the building but includes a part of it in the current period and the remaining will be recorded in a future period.
Answer:
c. Credit to Dividends for $440.
Explanation:
The second closing entry is
Retained earnings $440
To Dividend $440
(being the dividend account is closed)
Here the retained earnings is debited as it decreased the stockholder equity and the dividend is credited as it is closed
Also the first closing entry represent the closing of revenues and expenses
Therefore the option c is correct
Answer:
Amount after 5 year will be $1074.5
Explanation:
We have given principal amount P = $600
Time t = 5 year
Rate of interest r = 12%
It is given that amount is compounded semiannually
So time period = 5×2 = 10 period
And rate of interest semiannually will be 
%
We have to find future value after 5 year
Future value is given by 
So 
So amount after 5 year will be $1074.5
