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3 years ago

Question 18 Unsaved

Business

2 answers:

laila [671]3 years ago

8 0

https://quizizz.com/join/

Use code: 583308

this will help has all the answers.

Sloan [31]3 years ago

4 0

Product development
Slogan
A paycheck you receive
Your money is protected by insurance
A checking account
Use diversification
How much one unit of currency is worth when converted to another currency

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On January 1, 2021, Legion Company sold $250,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December

notsponge [240]

Answer:

The bond interest expense to be shown in profit or loss as t 30 June 2021

$9,838.56

Explanation:

The bond interest expense is the actual finance cost of using the funds made available by bondholders while the coupon payment is the portion of the finance cost paid to them periodically.

Interest expense=bonds cash proceeds*yield to maturity*6/12

bonds cash proceeds is $163,976

yield to maturity is 12%

interest expense=$163,976*12%*6/12=$9,838.56

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3 years ago

Read 2 more answers

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c. balanced.

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3 years ago

it has nothing to do with the market value of the company. No matter what the market value is at today’s time, the balance sheet

olga55 [171]

Answer:

Yes

Explanation:

Because it have to stay the same

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2 years ago

You and your family are part of a consumer panel, and each time you go to the grocery store, you give the sales clerk your id nu

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3 years ago

a company is selling used office quipment for $12000 they purchased it 2 years ago for $50000 what is the gain or loss on the sa

Debora [2.8K]

Answer:

( B ) -$18,000

Explanation:

Calculation for the gain or loss on the sale

First step is to calculate for the depreciation of equipment

Depreciation of equipment = ($50,000 - 0) / 5

Depreciation of equipment= $10,00 per year

Second step is to find the value of the asset after 2 years

Value of asset after two year = $50,000 - $20,000

Value of asset after two year Value= $30,000

Third step is to calculate the loss on the selling asset

Loss on selling asset = $12,000 - $30,000

Loss on selling asset =- $18,000

Therefore the loss on the sale will be - $18,000

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3 years ago