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liberstina [14]
3 years ago
6

A local government sells bonds having a face value of $1,000,000 at par. The bond proceeds will be accounted for in a Capital Pr

ojects Fund. What account will be credited to offset the debit to cash?
Business
1 answer:
8_murik_8 [283]3 years ago
6 0

Answer:

A) Other financing sources

Explanation:

Other financing sources and uses account has to be created to include operating transfers and proceeds from debt transactions. Since the issuing of bonds is a debt transaction, their proceeds must be included in this account. This account can only be used to record non-operating revenues and expenditures.

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Tenpenny Tower was built in 1985. However, the building has been constantly maintained and remodeled. In valuation terms, the bu
sattari [20]

Answer: effective age, chronological age

Explanation:

Effective age is the estimate of the age of a particular structure which is typically based on the condition and the utility of such structure.

Chronological age has to do with the amount of time from the day the building was constructed to the present age.

6 0
3 years ago
Pizza is a normal good if the demand Group of answer choices
levacccp [35]

Answer:

Option A, For Pizza rise when income rises.

Explanation:

Option A is correct because the income of the consumer and the demand for normal goods are positively related. So when consumer's income increases then the demand for normal goods also increases. If the income falls then the demand for normal goods also falls. Therefore, the movement in the same direction shows that there is a direct relationship between normal goods and the income of the consumer.

5 0
3 years ago
A canned soup manufacturer has prepared questionnaires for its employees and customers. The questions are about how the people v
8_murik_8 [283]

Answer:

A)

Explanation:

Based on the scenario being described within the question it can be said that the canned soup manufacturer is in the process of conducting a public relations audit. This is the process where company leaders review various opportunities to communicate with it's employees as well as point out any potential threats to the organization's reputation. Which is what the company seems to be doing by handing out these questionnaires.

8 0
4 years ago
Sparks Corporation has 3,000 shares of 8%, $100 par value preferred stock outstanding at December 31, 2017. At December 31, 2017
Korvikt [17]

Answer:

We can assume that Sparks Corporation is going to pay preferred stockholders first:

preferred stock dividends = $100 x 8% x 3,000 = $24,000

If the corporation doesn't owe any previous dividends to preferred stockholders, then the remaining $81,000 (= $105,000 - $24,000) should be distributed to common stockholders.

Each preferred stock will receive a $8 dividend. I don't know the amount of outstanding common stock, so it is not possible to determine how much dividend will be distributed for each common stock outstanding.

7 0
3 years ago
You open a clothing business and have to pay rent even if you do not produce any clothing. Rent is a _____. fixed cost variable
just olya [345]
<span>Rent is a fixed cost. Regardless of if you produce any clothing, you are still using that building to make the clothes. Even if you aren't making any clothes, but you are still occupying the building, you will have to pay the rent. The rent is based on the building, not the clothes.</span>
3 0
3 years ago
Read 2 more answers
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