Answer:
this is an amount of payment in which an amount of money or credit is directly transfered to another account
Answer:
The amount to record as the cost of this long-term investment in bonds is $771,500
Explanation:
The computation of long term investment in bonds is shown below:
= (Face value × cost of bond) + brokerage cost
= ($750,000 ×1.01) + $14,000
= $757,500 + $14,000
= $771,500
The accrued interest should not be included in the computation of long term investment because it is not a received cost, it is earned but actually it is not received. Hence, this accrued interest would not be considered in the computation part.
Thus, The amount to record as the cost of this long-term investment in bonds is $771,500
Answer:
C
Explanation:
For my school, it is more rigorous, and you have to do an honors project, and you don't pass with any grades below 90%. Hope this helps :)
Answer:
B. do whatever is reasonable to minimize the damages.
Explanation:
If Ochre holds one ton of perishable fruit in storage for Produce Corporation If Produce does not pay for the storage, under the doctrine of mitigation of damages, Ochre is held to a duty to do whatever is reasonable to minimize the damages.
To mitigate damages implies that a person who claims damages as a result of an alleged wrongful act on the part of another has a duty under the law to "mitigate" those damages;
mitigation means reduction, so in this case, it means, to take advantage of any reasonable opportunity Ochre may have had under the circumstances to reduce or minimize the loss or damage.