1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nlexa [21]
3 years ago
12

The Discount on Bonds Payable account is: A. A liability. B. A contra liability. C. A contra expense. D. An expense. E. A contra

equity.
Business
1 answer:
trapecia [35]3 years ago
7 0

Answer:

B. A contra liability

Explanation:

A contra liability account is an account that is paired with another liability account and used to reduce the liability in that account. The Discount on Bonds Payable, decreases the Value of Bonds.

You might be interested in
Copyright law contains an exception known as ______, which provides for a limited set of circumstances where others can use port
BARSIC [14]

Copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.

<h3>What is copyright law?</h3>

It should be noted that copyright law simply means a law that grants the holder the control over the production and distribution of a material.

In this case, copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.

Learn more about copyright on:

brainly.com/question/1282084

#SPJ1

3 0
2 years ago
Whoever answers gets brainlist!
Anika [276]

Answer:

false

Explanation:

S corporation form of business ownership is one type of corporation. It is a corporation whose shareholders have elected to become an S corporation. The formation of this form of business structure is not easy. First, a corporation is formed as per the requirements of the laws. Some requirements include drafting of articles and memorandum of association, appointing directors, and registering the corporation.  

The shareholder can then apply to be an S incorporation if they meet the requirement. Some of them are

1. Should not have more than  100 shareholders

2. Shareholders should be individual or some exempt entities.

3. Have one class of stock

7 0
3 years ago
Which of the following is a benefit of outsourcing? a. It makes employees self-reliant. b. It helps a firm meet its expansion ne
Fofino [41]

Answer:

C. It eliminates jobs that tend to be repetitious.

Explanation:

Outsourcing is usually engaged in business to beat down the cost of production, it is the act in which a particular company invite another company from outside to carry out some service for them on agreement however, this service is been carried out at home.

It should be noted that one of the benefit of outsourcing is that It eliminates jobs that tend to be repetitious.

4 0
3 years ago
Problem 4-4 Calculation of Gain or Loss (LO 4.3) Jocasta owns an apartment complex that she purchased 6 years ago for $750,000.
NemiM [27]

Answer:

$671,300

Explanation:

The calculation of adjusted basis in the building is shown below:-

Adjusted basis = Original cost of the property + Cost of capital improvements - Depreciation claimed

= $750,000 + $50,000 - $128,700

= $800,000 - $128,700

= $671,300

Therefore for computing the adjusted basis we simply add original cost of the property with cost of capital improvements and deduct depreciation claimed.

5 0
3 years ago
Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are p
Alisiya [41]

Answer:

The correct statement related to the pro forma statements is:

The addition to retained earnings is equal to net income less cash dividends.

Explanation:

When the beginning retained earnings are increased by the addition to retained earnings, it means that the cash dividends have been subtracted from the net income.  This addition is the leftover net income after offsetting the dividends.  It increases the retained earnings by the end of the financial period.

3 0
2 years ago
Other questions:
  • Laura is a student at a state university. In 2018, she received a scholarship of $6,000 for tuition and fees and an assistantshi
    5·1 answer
  • Whats the tax used on airline tickets and gasoline?
    10·1 answer
  • In times of falling prices, choosing LIFO over FIFO as an inventory cost method would affect the financial statements as follows
    13·1 answer
  • A European used car dealer built a multiple linear regression model to predict the resale price of a used car based on its condi
    15·1 answer
  • What assumption is made with supply-side economics?
    11·2 answers
  • A person who owned a bakery figured out that cookies were selling better than brownies. So, she took the resources that she was
    14·1 answer
  • The Cornell method is good for taking textbook notes because it is
    15·1 answer
  • Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi p
    13·1 answer
  • A _________ is not a specific security but an arrangement whereby a bank or security dealer sells specific marketable securities
    13·1 answer
  • Sandhill Corporation loaned $590000 to another corporation on December 1, 2020 and received a 3-month, 6% interest-bearing note
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!