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PolarNik [594]
3 years ago
15

While asia represents an important source of u.s. imports, few export opportunities exist for u.s. firms to sell goods and servi

ces to asian consumers.
a. True
b. False?
Business
2 answers:
Stells [14]3 years ago
5 0
The correct answer is false. It is because it is not true that there are only few exports that exist for U.S. firms to sell goods and their services to asian consumers as they are likely to expand their goods and services all throughout by which few exports doesn't seem to be true.
Contact [7]3 years ago
3 0

Answer:

False ( B )

Explanation:

The Asian market is an export market for goods manufactured in the U.S in as much as it is the source of U.S imports. the Asian economy and the U.S economy are two of the biggest economies of the world in the sense that most countries of the world rely on imports and exports of goods and services to these economies.

The Asian countries and the United states are long standing trading partners exchanging raw materials and finished goods and services with each other in the international trade set up ( Imports and exports ).

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On August 1, 2009 a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest,
Leya [2.2K]

Answer:

discount on BP   8,000 debit

cash                592,000 debit

bond payable                       600,000 credit

-to record issuance of the bonds--

interest expense     15,416.67 debit

  interest payable                     15,000      credit

  discount on BP                           416.67 credit

--to record year-end adjustment entry--

interest payable   15,000      debit

interest expense   3,083.33 debit

  cash                                       18,000    credit

  Discount on BP                         416.67 credit

-to record first interest payment to bondholders--

Explanation:

proceeds from the bonds:  592,000

face value of the bonds.    (600,000)

discount on BP                        (8,000)

We amortize over the life of the bond in equal parts:

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interest accrued from August 1st to December 31th:

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accrued proportional amortization

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February 1st payment:

600,000 x 6% x 1/12 = 3,000 interest expense

cash outlay:

600,000 x 6% x 6/12 = 18,000

amortization 500 - 416.67 = 83.33

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