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MrRa [10]
3 years ago
6

Which of the following is true of the Discount on Bonds Payable account? The bonds are due inten years.A) It is subtracted from

the Bonds Payable balance and shown with long-term liabilities on thebalance sheet.B) It is added to the Bonds Payable balance and shown with long-term liabilities on thebalance sheet.C) It is subtracted from the Bonds Payable balance and shown with the current liabilities on thebalance sheet.D) It is added to the Bonds Payable balance and shown with stockholders' equity on thebalance sheet.
Business
1 answer:
Aliun [14]3 years ago
8 0

Answer:

A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet

Explanation:

The discount on Bonds payable, as their name implies, decrease the Bonds Payable carrying value. A bond with discounts, was issued at a lower price than his face value. The discount on bonds represent that difference.

It takes amortization while the time past, until at maturity, their balance is zero, to represent the reality, the obligation for the company is for the face value, so the carrying value of bonds payable should equal the face value.

Last, because the bonds are due in ten-year their place is the long-term liabilities. As their obligation are not within the 12 month period to qualify as short-term

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Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equip
Ann [662]

Answer:

Oct. 1 2019

Rent Expense$4,200 (debit)

Cash $4,200 (credit)

Oct. 3 2019

Advertising Expense $2,670 (debit)

Cash $2,670 (credit)

Oct. 5 2019

Supplies $1,150 (debit)

Cash $1,150 (credit)

Oct. 6 2019

Office Equipment $17,600 (debit)

Accounts Payable $17,600 (credit)

Oct. 10 2019

Cash $5,730 (debit)

Accounts Receivable $5,730 (credit)

Oct. 15 2019

Accounts Payable $1,680 (debit)

Cash $1,680 (credit)

Oct. 27 2019

Miscellaneous Expense $730 (debit)

Cash $730 (credit)

Oct. 30

Utilities Expense $270 (debit)

Cash $270 (debit)

Oct. 31: Fees earned

Trade Receivable $38,200 (debit)

Fees Earned $38,200 (credit)

Oct. 31: Paid bill

Utilities Expense $460 (debit)

Cash $460 (debit)

Oct. 31: Withdrawal

Jason Payne, Capital $2,900 (debit)

Cash $2,900 (credit)

Explanation:

Note

Cash Drawings reduce the owners interest in their capital accounts and at the same time they reduce the assets of cash.

5 0
3 years ago
This monetary policy________the economy's demand for goods and services, leading to_________product prices. In the short run, th
madreJ [45]

Answer:

<u>Increases,.. higher... more.. low.. lower</u>

Explanation:

This monetary policy acts as economic stimulant by increasing the supply of money in the economy, with increased supply come an increase in the economy's demand for goods and services, leading to higher product prices.

Also, In the short run, this <em>positive change</em> in prices induces firms to produce more goods and services.

This, in turn, leads to<u> a low level of unemployment because companies increase their demand for more labour to meet their demand.</u>

In other words, the economy faces a trade-off between inflation and unemployment: Higher inflation leads to lower unemployment.

7 0
3 years ago
Suppose DeGraw Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 130.5 million yen
myrzilka [38]

Answer:

$845,207.3

Explanation:

Calculation for what dollar amount would DeGraw actually receive after it exchanged yen for U.S. dollars

First step is to calculate the exchange rate of 1 yen for 140.0 yen per dollar and 154.4 yen

Exchange rate of 1 Yen = $1 /140

Exchange rate of 1 Yen= $0.007142858

Exchange rate of 1 Yen = $1 / 154.4

Exchange rate of 1 Yen= $0.006476684

Now since the price for the item bought was 130,500,000 Yen which means that the exchange rate for 1 Yen will be $0.006476684

Now let calculate the dollar amount

Dollar amount=(130,500,000 *$0.006476684) / 1

Dollar amount= $845,207.3

Therefore the dollar amount that DeGraw would actually receive after it exchanged yen for U.S. dollars is $845,207.3

7 0
2 years ago
24) In the U.s. economy, a few firms dominate the wireless telephone provider Industry. Whlch type of
kipiarov [429]

Answer:

oligopoly

Explanation:

An oligopoly is a market structure comprising a few firms dominating a large market with many buyers. The few firms sell similar or differentiated products. Each of the firms commands a sizable market share and can influence the market.  Apart from the few dominating firms, there could be other small sellers with a smaller market share operating in the market. Another example of an oligopoly market is the air travel business, where a few airline companies dominate the market.

Characteristics of oligopoly market include

  • Barriers to entry due to heavy capital requirements and market domination by a few firms.
  • Each firm sets its price
  • heavy advertising to woe clients
  • Collaboration among the few dominating firms
7 0
2 years ago
According to the numbers in the article Group of answer choices smoking among adults is elastic because the percent change in pr
nataly862011 [7]

Answer:

According to the numbers in the article

smoking among adults is inelastic because the percent change in price is less than the percentage change in quantity demanded.

Explanation:

Inelasticity means that price changes do not affect the demand for smoking among adults.  When the habits of consumers to smoke are not determined by the change in the price of the item, the demand is described as inelastic.  In other words, a change in the price of the good or service does not generate a corresponding change in the quantity demanded. Inelasticity, as an economic term, states that the quantity demanded of a good or service remains static when there is a change in its price.

5 0
2 years ago
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