Answer: Credit, $45,000
Explanation:
The bond payable is the interest payable on the bond and it's Bond issued value mutiply by issued rate
$50,000 * 9%* 10 years
<u>It serves the interests of client management rather than the public.</u>
The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients.
"The special function helps ensure the reliability and integrity of the financial reporting system. The auditing profession exists to serve the users of an organization's financial statements. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management."
"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."
To know more about Auditors click below:
brainly.com/question/13812517
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Answer:
https://quiz let.co m/96700748/chapter-4-flash-cards/
Explanation:
Link above provides answers
( Don't copy paraprashe)
Answer and Explanation:
E.lowest equivalent annual cost
Answer:
Annuity will be $33112.644
Explanation:
We have given future value ( FV ) = $4000000
Rate of interest r = 5% = 0.05
Number of periods n = 40
We know that future value is given by ![Futurte\ value(FV)=\frac{A}{r}[(1+r)^n-1]](https://tex.z-dn.net/?f=Futurte%5C%20value%28FV%29%3D%5Cfrac%7BA%7D%7Br%7D%5B%281%2Br%29%5En-1%5D)
Here A is annuity
So ![4000000=\frac{A}{0.05}[(1+0.05)^{40}-1]](https://tex.z-dn.net/?f=4000000%3D%5Cfrac%7BA%7D%7B0.05%7D%5B%281%2B0.05%29%5E%7B40%7D-1%5D)
![200000=A[(1+0.05)^{40}-1]](https://tex.z-dn.net/?f=200000%3DA%5B%281%2B0.05%29%5E%7B40%7D-1%5D)
So annuity will be $33112.644
