Generally, prices are inflated when there are fewer choices.
Answer:
January 1, 202x, bonds issued at a discount
Dr Cash 441,361
Dr Discount on bonds payable 18,639
Cr Bonds payable 460,000
amortization of bond discount = ($441,361 x 4%) - ($460,000 x 3.5%) = $17,654.44 - $16,100 = $1,554.44
June 20, 202x, first coupon payment
Dr Interest expense 17,654.44
Cr Cash 16,100
Cr Discount on bonds payable 1,554.44
If information about an entity's ability to continue as a going concern is not disclosed in the financial statements, an auditor of financial statements is likely to express an adverse opinion.
<h3>Define a qualified or adverse opinion.</h3>
A remark made in an auditor's report that is attached to a company's audited financial statements is known as a qualified opinion. According to an auditor's judgment, a company's financial information may have been incomplete or there may have been a significant problem with how generally accepted accounting standards (GAAP) were applied, but the problem was not widespread.
With one or more exceptions, the financials often reflect the company's success and position. The financial statements are inaccurate or do not adhere to widely accepted accounting rules, in our opinion (GAAP).
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Answer:
Mike's recognized gain from the transfer of the house to him is:
$175,000
Explanation:
a) Data and Calculations:
Marital property = $1,500,000
Cost of property = $575,000
Residual value = $925,000
Alimony to Karen = $750,000 ($150,000 * 5)
Balance (Mike's) = $175,000
$175,000 represents the excess of the fair market value of the marital property after deducting the cost of property and the alimony paid to Karen. A gain of $175,000 is recognized by Mike after the property sale.
The five considerations that should be considered when performing a sterile dressing change are the following;
- hands should be clean before performing the sterile dressing change
- materials should be checked as well as its expiration date
- the area where the dressing should be placed must be checked and clean
- sterile objects should only be touched and used
- a sterile field should be considered
