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4 years ago

The balance in Unamortized Discount on Bonds Payable

Business

1 answer:

Irina-Kira [14]4 years ago

4 0

Answer:

Correct option is (a)

Explanation:

Any difference in the amount of par value of bond and the cost at which it was acquired. The organization can either choose to expense the discount or held the same as an asset that is amortized over the years till maturity of bond.

Unamortized discount is the amount that is not yet expensed. The same is reported on the balance sheet as a deduction from face value of bond.

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A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requ

Sauron [17]

Answer:

b. Liability, $9,000,000; expense, $0.

Explanation:

An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations

Here the $9,000,000 million represents the liability

Also the journal entry is

Asset Dr

To liability

(Being the asset placed is recorded)

There is no expense should be recorded in the income statement

3 0

3 years ago

Certain brand names, such as Kleenex or Xerox, have become _______, because they are so commonly identified with a specific prod

kogti [31]

Answer: Certain brand names, such as Kleenex or Xerox, have become generic name.

Explanation:

Generic name is the term used to refer a product with its brand name rather than the product itself. Kleenex and Xerox are the brand names of the products. Xerox is photocopying product and Kleenex is the brand name for wet wipes. People commonly use the word Kleenex instead of tissues or wet wipes.

This process can be called as genericization and companies loose their trademarks due to these usage of names. These generic names have wide spread popularity.

7 0

3 years ago

Sarah’s marketing team was beginning the process of developing a new product to expand their current product line and/or mix. At

vlada-n [284]

Answer: New-product strategy

Explanation:

Based on the information given in the question, Sarah and her team were at the new product strategy stage of the new product development process.

This is a strategy that is used to develop a new product. The strategy helps to answer questions such as who will benefit from the products, the goals of the company and other necessary details.

5 0

3 years ago

A manager needs to inform employees that the quarterly project management training will start on May 1, about two months from no

In-s [12.5K]

Answer: In this particular case where the manager needs to inform about the employees quarterly project management, it would be better to inform them face-to-face. Since , it'll help the manager to provide a better insight to the project management training.

Therefore, the correct option in this case is (a)

6 0

3 years ago

Read 2 more answers

Several years ago, The Wall Street Journal reported that the winner of the Massachusetts State Lottery prize had the misfortune

lorasvet [3.4K]

Answer:

the present value of the annuity = $4,523,638

Explanation:

this is an ordinary annuity:

annual payment = $9,420,713 / 20 = $471,035.65

number of periods = 19 periods

interest rate = 8%

therefore, the present value annuity factor = 9.6036

the present value of the annuity = $471,035.65 x 9.6036 = $4,523,637.97 ≈ $4,523,638

4 0

3 years ago