Answer:
The journal entry to record issuance of the bond would be:
Debit : Cash $382,942.
Credit : Bonds Payable $382,942.
Explanation:
At Issuance of Bonds, we recognize the Cash Asset and the Liability Bond Payable at the Issue Price of the Bond instead of Face Value.
The Issue Price is also known as the Present Value or Current Price of the Bond and for this question this was given as $382,942.
Answer:
Explanation:
Base on the scenario been describe in the question, the algorithm that describe professor Dumbledore’s problem, or correctly
reports that there is no valid assignment whose total cost is finite is written as follows; Dumbledore needs to assign instructors to committees so that (1) each committee is full, (3) no
instructor is assigned to more than three committees, (2) only suitable and willing instructors
are assigned to each committee, and (4) the total cost of the assignment is as small as possible.
Describe and analyze an efficient algorithm that either solves Dumbledore’s problem, or correctly
reports that there is no valid assignment whose total cost is finite
.
The entry to record this event would include a LOSS OF $40,000.
The equipment original cost = $420,000
Accumulated depreciation = $200,000
Selling price = $180,000
Loss = 180,000 - [420,000 - 200,000]
= 180,000 - 220 = - 40,000
Thus, a loss of $40,000 was experienced in the sale of the equipment.
Answer:
C) Sales markets of the foreign entity are primarily in foreign countries.
Explanation:
The US dollar is the most commonly used currency in the world, and most of foreign trade is carried out using the US dollar. If the foreign entity sells most of its production overseas (exports) then they will use the US dollar as their functional currency since all their exports will be valued in US dollars.
