By the looks of it you already got it taken care of but thanks for the points ;)
Answer:
Explanation:
General Journal
Dr Cr
Equipment - new 348,000
Accumulated depreciation 300,000
Cash 68,000
Equipment - old 552,000
Gain 28,000
Workings:
Equipment – new ($280,000 + 68,000) = $348,000
Gain ($280,000 – 252,000) = $28,000
The answer to this question is the Enterprise Social Network. The Enterprise Social Network or ESN is where businesses / organization use social media to have connections with individuals and groups that have common business ideas, interest, and activities. Enterprise Social Network have the benefits of having a real time source content from the users, providing an access to all archieve documents, and it can streamline communications.
Answer: C. interest expense will not be a constant dollar amount over the life of the bond.
Explanation:
When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.
As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.
Whole life policies provide “guaranteed” cash value accounts that grow according to a formula the insurance company determines. Universal life policies accumulate cash value based on current interest rates. Variable life policies invest funds in subaccounts, which operate like mutual funds.
