Answer:
A. When GDP falls, unemployment rises.
Explanation:
Answer:
Date Account title and Explanation Debit Credit
Apr 11 Cash ($424 million - $2 million) $422,000,000
Common stock $15,000,000
Paid in capital in excess of par value $407,000,000
($422,000,000 - $15,000,000)
(To record the issue of common Stock)
Answer:
The British pound
Explanation:
The functional currency of a company is the currency used in the primary economic environment in which the company operates. This means that the company's functional currency is the currency used in the place where the company earns its revenues and pays its expenses. In this case, the company operates in the United Kingdom, therefore its functional currency is the British pound.
Answer:
Explanation:
The journal entry is shown below:
Bonds Payable A/c Dr. $1,500,000
Loss on Redemption of Bond A/c Dr. $25,100
To Discount on Bonds Payable A/c $70,100
To Cash A/c $1,455,000
(Being the redemption of the bond is recorded)
The loss on redemption of bond would be
= $1,455,000 + $70,100 - $1,500,000
= $25,100
The scenario that's illustrated regarding the property in this case is improper dominion.
<h3>What is dominion?</h3>
It should be noted that in law, dominion simply means the right to control the ownership of a a property.
In this case, since Mechelle has allowed people to camp and park in the backwoods of the property, leaving piles of trash everywhere and thereby diminishing the value of the property, this illustrates improper dominion.
Learn more about property on:
brainly.com/question/2475734
