Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
Bond carrying value = $1,470,226
Rate of interest = 8%
Rate of interest (Semiannual ) = 4%
So, we can calculate the the bond interest expense on the first interest payment by using following formula:
The bond interest expense = Bond carrying value × rate of interest (semiannual)
By putting the value we get
= $1,470,226 × 4%
= $58,809
The adjustment in the property value should be <u>$17,500 increase</u> so that the property is valued at $367,500.
<h3>Data and Calculations:</h3>
Value of property 10 months ago = $350,000
Increase in property values = 5%
Adjustment in property = $17,500 ($350,000 x 5%)
<h3>What is adjustment in property value?</h3>
This is the change in the value of property as a result of an increase or decrease in the values of comparable properties within the locality.
Thus, the adjustment in the property value should be <u>$17,500 increase</u> so that the property is valued at $367,500.
Learn more about adjustment in property values here: brainly.com/question/15397430 and brainly.com/question/7142333
Answer:
This is false.
Explanation:
The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:
Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.
Slander refers a spoken false statement about another person that damages their reputation unjustly.
Based on the definitions above, the statement in the question can be correctly rewritten as follows:
Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.
Answer:
A) $4,000
Explanation:
Calculation for the beginning cash balance
Using this formula
Beginning balance=ending balance-increase in cash
Let plug in the formula
Beginning balance=$24,000 -$20,000
Beginning balance=$4,000
Therefore the beginning cash balance was:$4,000
