The given statement is false that when a taxable bond is issued at a discount, taxpayers are required to amortize the discount and reduce the amount of interest.
Bonds are fixed-income securities that reflect loans from investors to borrowers. A bond can be compared to an agreement outlining the terms of the loan and the associated payments between both the lender and borrower. Businesses, cities, regions, and sovereign nations utilize bonds to fund operations and initiatives. Bondholders are the issuer's debtors and creditors.
Bond specifications typically also include terms regarding adjustable or fixed interest payments by borrower, as well as the end date by which the principle of the loan is anticipated to be paid to the bond owner.
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Answer:
C) increase liabilities and assets by $20,000.
Explanation :
Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.
In the given problem , Option A and option B states that while one increases , other decreases. which is not possible .
So option C is correct.
Answer:
$90,000
Explanation:
The non controlling interest is the amount of ownership position in a subsidiary which is not owned by the parent. In the given scenario Lyle's had an inventory of 40% goods in transit. The Roberts reported a profit of $300,000. The non controlling percentage in Lyle's is 30%. The net income that will be reported to Lyle's will be 30% of $300,000 less any profit on goods in transit.
Answer:
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Answer:
The answer is: B) He should check out the enterprise zones in Arizona
Explanation:
Enterprise zones were created to attract new businesses and investments to certain urban areas by offering tax concessions, infrastructure incentives and reduced regulations. Companies usually can locate for free there (some give out land to businesses for free), and the business don't have to pay certain taxes for doing so (usually local and/or state taxes, but sometimes even some federal taxes).