Answer:
Given that,
Flounder Inc. issued convertible bonds = $2,840,000 par value
Interest rate = 7%
Sold for cash = $97
If the bonds had not included the conversion feature, then
Sold for = $95
Therefore, the journal entry is as follows:
Cash A/c ($2,840,000 * 0.97) Dr. $2,754,800
Discount on issue of Bond A/c Dr. $85,200
To 7% Convertible Bonds payable $2,840,000
Answer:
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Explanation:
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Answer:
The correct answer is letter "C": Both I and II.
Explanation:
The Uniform Commercial Code (UCC) is a set of rules that guide the parameters for fair commercial transactions within the fifty states of the U.S.A. Acceptance of an offer is legitimate under the UCC Sales Article when sent using a valid method. In that sense, option "C" is right as both acceptances (I and II) have been sent before the end of the ten-days term.
Answer:
the proper cash flow amount is -$17,313,900
Explanation:
The computation of the proper cash flow amount is given below:
= Land value + plant cost + grading cost
= -$5,400,000 - $11,200,000 - $713,900
= -$17,313,900
Hence, the proper cash flow amount is -$17,313,900
Answer:
The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.
For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.
They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.
