1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pogonyaev
3 years ago
15

On January 1, Parson Freight Company issues 8.0%, 10-year bonds with a par value of $3,200,000. The bonds pay interest semiannua

lly. The market rate of interest is 9.0% and the bond selling price was $2,982,557. The bond issuance should be recorded as:
Business
1 answer:
madreJ [45]3 years ago
6 0

Answer:

Dr Cash 2,982,557

Dr Discount on bonds payable 217,443

Cr Bonds payable 3,200,000

Explanation:

Preparation for the bond issuance Journal entry

Since we were told that the Company has par value of the amount of $3,200,000 and the bond selling price of $2,982,557 which means the bond issuance should be recorded as:

Dr Cash 2,982,557

Dr Discount on bonds payable 217,443

(3,200,000-2,982,557)

Cr Bonds payable 3,200,000

You might be interested in
Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
Nitella [24]

Answer:

video game

Explanation:

because I don't go outside, I'm a gamer

5 0
2 years ago
Each month a company can rent capital for $7.500 per unit and can hire workers for $2.500 each Currently me company is using 4 u
Sophie [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
The market price of pomegranates is $2, and JoAnne sells 25 pomegranates at the local farmer's market. The total revenue is and
leva [86]

Answer:

$50 and $2

Explanation:

The computation of the total revenue and the marginal revenue is shown below:

Total revenue is

= Price ×  quantity

= $2 × 25

= $50

And, the marginal revenue is received collected from one unit i.e price of the one units that equivalent to $2

Hence, we simply applied the above formula to determine the total revenue and the marginal revenue

4 0
3 years ago
The tax treatment regarding the sale of existing assets that are sold for more than the book value but less than the original pu
8_murik_8 [283]

Answer:

capital gain tax liability

Explanation:

Capital gain tax is defined as the type of tax that is paid when the owner of an investment or asset makes a profit from its sale.

For example when the assets are sold for more than the book value but less than the original purchase price, there is a profit made that is called capital gain.

The tax applied to this capital gain is called capital gain tax liability.

6 0
3 years ago
When economists say that the demand for labor is a derived demand, they mean that it is Group of answer choices dependent on gov
Katen [24]

Answer:

related to the demand for the product or service labor is producing.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

In Economics, there are four (4) main factors of production and these are;

I. Land.

II. Labor (working).

III. Capital resources.

IV. Entrepreneurship.

Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

Generally, when these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

Typically, when economists say that the demand for labor is a derived demand, what they do really mean is that, this demand for labor is related to the demand by the consumers for the product or service labor is producing.

8 0
2 years ago
Other questions:
  • Maertge airlines purchases an aircraft for $84,000,000 on january 1, 2016. the residual value of the aircraft is estimated at $7
    8·1 answer
  • A high-definition tv costs a company $3,300 to manufacture. if it sells for $6,732, what is the percent markup based on cost? (r
    15·1 answer
  • The ""covenant"" traditionally signifies the a. relationship between Abraham (and later Moses) and Jahweh. b. merging of Judaic
    6·1 answer
  • Which complex number is represented by the point graphed on the complex plane below? mc010-1.jpg
    11·2 answers
  • "You've been specially selected to win our grand prize. Contact us to collect it!" This is an example of a _____.
    7·2 answers
  • Taylor Inc. has some material that originally cost $65,500. The material has a scrap value of $56,300 as is, but if reworked at
    7·1 answer
  • John took a call from a customer who wanted to purchase 1,000 shares of a company’s stock, which just went public. What is John’
    13·2 answers
  • At December 31, DePaul Corporation had the following cumulative temporary differences associated with its operations:_____.
    7·1 answer
  • Brandon is a college freshman who dreams of managing a chain of national hotels. Which job would best help him achieve his goal?
    6·2 answers
  • Which of the following is considered the more industrial version of hunting?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!