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Masteriza [31]
3 years ago
12

On January 1 of the current year, the Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for

$191,000. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is
$21,800

$10,900

$18,200

$29,000
Business
1 answer:
lutik1710 [3]3 years ago
3 0

Answer:

$21,800.

Explanation:

($200,000 * 0.10 * 6/12) = 10,000 = Semiannual interest

($200,000 - $191,000) = 9,000

(9,000 / 10) = 900 = Discount on bonds payable

(10,000 + 900) = 10,900= Semiannual interest expense

(10,900 * 2) = 21,800 = Year interest expense

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Novosadov [1.4K]

Answer:

Deontologist

Explanation:

Deontology is an ethical theory that statutes that the morality of an action should be based on that action rather than on the consequences. In the question given the manager decides based on the customer because he believes in the rights of all individuals.

I hope you find this information useful and interetsing! Good luck!

3 0
3 years ago
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance c
kenny6666 [7]

Answer:

Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,200

         To Prepaid insurance A/c             $1,200

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(Being supplies adjusted)

The supplies at the end of the year is computed below:

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5 0
3 years ago
The discount rate is the interest rates on loans that the Federal Reserves makes banks. Banks occasionally borrow from the Feder
Kaylis [27]

Answer:

Explanation:

The discount rate is the interest rates on loans that the Federal Reserves makes banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A higher discount rate decreases banks' incentives to borrow reserves from the Federal Reserve, thereby reducing the quantity of reserves in the banking system and causing the money supply to fall

The federal funds rate is the interest rate that banks charge one another for short term loans. When the Federal Reserve uses open-market operations to buy government bonds, the quantity of reserves in the banking system increases, banks' demand for borrowed reserves declines , and the federal funds rate decreases.

6 0
3 years ago
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taurus [48]
It is D. A part-time job to earn extra money.
7 0
3 years ago
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Answer: option D is correct

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7 0
3 years ago
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