Answer:
June 30 Bond Interest Expense Dr $81000
Cash Cr $81000
(6%/2*$2,700,000)
December 31 Bond Interest Expense Dr $81000
Cash Cr $81000
Bonds Payable Dr $2,700,000
Cash Cr $2,700,000
Explanation:
Record the entry for the first semiannual interest payment and the second semiannual interest payment.
June 30 Bond Interest Expense Dr $81000
Cash Cr $81000
(6%/2*$2,700,000)
December 31 Bond Interest Expense Dr $81000
Cash Cr $81000
Record the entry for the maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).
Bonds Payable Dr $2,700,000
Cash Cr $2,700,000
A. deductions as these are the items that are deducted from your salary.
Answer:
The correct answer is letter "B": Yellow dog contracts.
Explanation:
Yellow dog contracts are those provided by employers in which they and the new hires agree in employees not engaging any activity related to unions while they are under the company's payroll. Yellow dog contracts attempt to avoid the formation of labor unions so the organizations only will have the power in deciding employee benefits, compensations, and working conditions.
These types of contracts are considered illegal after the Norris-LaGuardia Act of 1932 was enacted.
Answer:
d. 829
Explanation:
The computation of the ending inventory using the LIFO method is shown below:
Since there are 300 units in hand which reflects the ending inventory units so
= 150 units ×$2.60 + 150 units $2.925
= $390 + $438.75
= $828.75
i.e d. 829
So 150 units is taken from June and the remaining units i.e 150 units are taken from June 10
Answer:
The answer is:
1.A person who is unable to pay taxes does not have to pay them.
If you unable to pay your taxes, the amount of payment that you have to pay this year would be accumulated to the tax payment next year.
2.A person who chooses not to pay taxes does not have to pay them.
Paying taxes is an obligation of all working citizens, not a right. We do not get to choose whether we have to pay taxes or not.
3.Simply forgetting to file taxes will not result in jail time.
Since there is no actual intend to not paying your taxes, simply forgetting it usually would only resulted in fines from the IRS.
