The given statement is false that when a taxable bond is issued at a discount, taxpayers are required to amortize the discount and reduce the amount of interest.
Bonds are fixed-income securities that reflect loans from investors to borrowers. A bond can be compared to an agreement outlining the terms of the loan and the associated payments between both the lender and borrower. Businesses, cities, regions, and sovereign nations utilize bonds to fund operations and initiatives. Bondholders are the issuer's debtors and creditors.
Bond specifications typically also include terms regarding adjustable or fixed interest payments by borrower, as well as the end date by which the principle of the loan is anticipated to be paid to the bond owner.
Learn more about bonds here:
brainly.com/question/17405470
#SPJ4
Answer:
The estimated Bad Debt Expense for the period is $13,600
Explanation:
Quill Industries estimates of uncollectible receivables resulting from the aging analysis equals $20,000. The company uses the aging of accounts receivable method and the Allowance for Doubtful Accounts has credit balance of $6,400 before adjusting.
Bad debt Expense = $20,000 - $6,400 = $13,600
The entry:
Debit Bad debts expense $13,600
Credit Allowance for doubtful accounts $13,600
Answer:
$664,000
Explanation:
Correct words: <em>"If Wildhorse Company used the </em><em>Equity </em><em>value method of accounting for its investment in Ayayai Company"</em>
<em />
Ownership percentage = 300/1000
Ownership percentage = 30%
Balance in equity investment at Dec 31, 2021 = $570,000 + Share in earnings ($370,000*30%) - Share in dividends paid out ($85000*20%)
Balance in equity investment at Dec 31, 2021 = $570,000 + $111,000 - $17,000
Balance in equity investment at Dec 31, 2021 = $664,000
So, the Equity Investments balance for Ayayai company on December 31, 2021 is $664,000.
Only after <u>Roosevelt's New Deal and World War II</u> did the presidential staff become a sizable organization.
The New Deal become a sequence of programs and projects instituted throughout the splendid despair by President Franklin D. Roosevelt that aimed to repair prosperity for individuals. when Roosevelt took the workplace in 1933, he acted rapidly to stabilize the financial system and offer jobs and relief to folks that were struggling.
The New Deal restored an experience of safety as it positioned humans lower back to work. It created the framework for a regulatory country that could defend the pastimes of all people, wealthy and negative, and thereby help the business gadget paintings in extra productive approaches.
World War II or the second international war, frequently abbreviated as WWII or WW2, was an international battle that lasted from 1939 to 1945. It worried the significant majority of the arena's nations—such as all of the awesome powers—forming two opposing military alliances: the Allies and the Axis powers.
Learn more about New Deal here brainly.com/question/936437
#SPJ4
With 9,063 liters of water required to produce an average kilo, nuts challenge meat as the most water-hungry food type.Fruits and vegetables fall further down the food chain, requiring 962 and 322 liters per kilogram, respectively.
Why is water not considered an "economic good" in the usual sense?
When it comes to water, the law of supply and demand does not apply because you cannot choose which company supplies your home with water.More than just market mechanisms are used to determine the final price of water.
Learn more about law of supply and demand here:
brainly.com/question/4679152
#SPJ4