The 151 member governments of the World Bank are expected to increase the bank's funding by $75 billion, though some United Stat
es legislators cite an obstacle to congressional passage being the concern that the bank's loans will help foreign producers compete with American businesses.
1 answer:
Answer:
The correct option is option C from the below options.
Explanation:
As the question was not complete, the complete question is found online and is attached here with.
Also the options are not given which are as below:
(A) an obstacle to Congressional passage being the concern
(B) a concern as an obstacle to Congressional passage
(C) as an obstacle to Congressional passage the concern
(D) the concern, an obstacle to Congressional passage,
(E) as an obstacle for Congress to pass it the concern
Option A is incorrect as it is not an obstacle.
Option B is incorrect as it is not a concern to an obstacle
Option C is correct as the issue is acting as an obstacle.
Option D is incorrect as the two phrases are not being related.
Option E is incorrect as the concern and obstacle are not correlated.
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Answer:
hello your question has a missing journal entry table attached below is the entry journal table completely filled
Explanation:
Amount of bonds acquired = 40% of original bond
i) Bonds payable = 40% * 1,300,000
= $520000
purchase price of bonds = $520000 * 96% ( FACE VALUE )
= $499200
hence the annual amortization
(bonds payable - purchase price of bonds ) / 10 years - 2 years
(520000 - 499200 ) / 8 = $20800/8 = $2600
ii) premium on bonds payable
$20800 - $2600 = $18200
cash amount = $520000 * 8% = $41600
intra entity expense and income table is attached below
from the table
iii) intra-entity interest expense = $39000 and the
iv) intra-entity interest income = $44200
v) investment in bonds
purchase price of bonds + annual amortization
= $499200 + $2600 = $501800
the book value on bonds as at 1st January 2011
=$1300000 * 105% = $1365000
Premium on bonds as at January 1st 2011
= $1365000 - $1300000 = $65000
amortization of premium as at January 1st 2011
=( ($65000) / 10 years ) * 2 years
= $13000
hence the controlling interest in bonds payable = $540800
vi) gains on retirement bonds
= $540800 - $499200 = $41600
attached below is the journal entry on 31st December 2013
