Answer: Loss of $22,000
Explanation:
Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at
Net Carrying Value of Bonds
= Par value - Unamortized discount
= 300,000 - 10,000
= $290,000
Gain (loss) = 290,000 - (300,000 * 104)
= ($22,000)
Answer: The answer is: Debit Salary and wages expense $9,900, Debit Salaries and wages payable $37,900, Credit Cash $47,800
Explanation: Since the company has $37,900 sitting in salaries and wages payable account at the end of the month and the payroll revealed that actual amount to be paid is $47,800, this means the company has a shortfall of $9,900 from the salaries and wages payable account. Therefore, this amount that was not accrued for would impact salary and wages expense by $9,900.
Answer:
rise by $40 billion
Explanation:
Calculation to determine what the investment will be
Investment=$100 billion*(100%-60%)
=$100 billion*40%
=$40 billion
Therefore the investment will rise by $40 billion
Answer:
Donna made a realized gain of 8,000 dollars
the basis for the building now will be of 152,000 dollars
Explanation:
<u><em>realized gain:</em></u>
insurance proceeds less replacement cost:
160,000 - 152,000 = 8,000
<em><u>the basis</u></em> (value of the new office building for tax purposes) will be the 152,000 which is the cost of the office building