Answer:
b.$296,500.
Explanation:
Calculation to determine what Greene should report as unamortized bond discount
First step is to calculate the discount amount
Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)
Discount Amount= $18,500
Now let determine the unamortized bond discount
Unamortized bond discount=$315,000 - $18,500 Unamortized bond discount= $296,500
Therefore Greene should report unamortized bond discount of $296,500
Although there is no question here, I am assuming that this is a True/False question because it is a False statement.
A certificate of deposit is an investment with a fixed interest rate for a fixed period of time. There are nearly always penalties for early withdrawal.
Answer:
Legal
Explanation:
A corporation is a business that is owned by shareholders. The corporation is a separate legal entity and so it can sue and be sued, pay taxes and own assets.
Advantages of a corporation include :
- they have unlimited liabilities
- they have unlimited life. the business doesn't end even after the death of the owners unlike a sole proprietorship
- they have more access to capital
Disadvantages of a corporation include :
high cost of setting up
Earnings to shareholders are taxed twice
