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
Ksju [112]
3 years ago
5

A corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid annually on January 1. If the

corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2007's adjusting entry is
a. $7,160.
b. $8,000.
c. $8,840.
d. $840.
Business
2 answers:
azamat3 years ago
8 0

Hey! How are you? My name is Maria, 19 years old. Yesterday broke up with a guy, looking for casual sex.

Write me here and I will give you my phone number - *pofsex.com*

My nickname - Lovely

zlopas [31]3 years ago
7 0

Answer:

Option (a) is correct.

Explanation:

Yearly amortization of the bond discount:

= (Amount of bonds issued - Issued for)

= (100,000 - $104,200) ÷ 5

= -$840

Adding this to the cash payment of interest:

= $100,000 × 8%

= $8,000

We get,

= Interest payment + Yearly amortization of the bond premium

= $8,000 + (-$840)

= $7,160

It is the amount of bond interest expense to be recognized in December 31, 2007.

You might be interested in
You are the Middle School Principal. As shelter operations are beginning to phase down, you continue to be concerned about the i
Elanso [62]

Answer:

Scenario: The Operations Section has determined that the Emergency Medical Services, the Fire Department, and the School Bus Company will be assigned tothe evacuation of the Nursing Home. They will all converge at City Hall and will be dispatched, as appropriate, to begin the rapid and safe movement of the residents to their temporary shelter locations.What NIMS Management Characteristic is being demonstrated?Dispatch/DeploymentScenario: You are the President of Lawrence College. You and the American Red Cross Shelter Manager have contacted the Incident Command Post concerning the ability to meet the nutritional and long term pharmaceutical needs of the elderly residents. The Liaison Officer requests assistance from theEmergency Operations Center

Explanation:

6 0
3 years ago
Maya got a job transfer from Italy to New York. After working for some time in New York, she started to understand the mental mo
alisha [4.7K]

Answer:

C. The capacity to empathize and act effectively across cultures.

Explanation:

Since in the question it is mentioned that the use the words and behavior that are compatible with the new york local culture so here the global mindset that arise in her life represent the attribute with related to the capacity for empathizing and it act effectively over and across the culture

so as per the given situation, the option c is correct

7 0
3 years ago
The auditor of a public company is assessing the value of all the intangible assets owned by the company. Which of the following
liq [111]

Answer:

B. The company's brand equity

Explanation:

Intangible assets lack a physical presence. They are assets that cannot be touched or seen. Intangible assets are contrasted by tangible assets, which include land, buildings, vehicles, plants, and machinery.  Examples of intangible assets include patent brand names, trademarks, or and copyright.

Intangible assets have a use-life of more than one year. They can be created or acquired, just like tangible assets. From the list in the case, The company's cash reserves, company's plant and equipment, and company headquarters are tangible assets because they have a physical presence.

6 0
3 years ago
Production Budget
9966 [12]

Answer and Explanation:

The preparation of production budget is shown below:-

                      Weightless Inc

                    Production Budget

         For the month ending October 31

                             Units Bath Scale            Units Gym Scale

Expected Units to

be sold                       150,000                         90,000

Desired Inventory,

October 31                  12,500                           8,000

Total                          162,500                           98,000

Less: Estimated Inventory,

October 1                   -18,000                           -10,000

Total Units to be

produced                  144,500                           88,000

5 0
3 years ago
Bamba Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. For the mont
Oksanka [162]
I think it is D
Hope my answer help you
4 0
3 years ago
Other questions:
  • Shown below are selected data from the financial statements of the Supreme Company. (Dollar amounts are in millions, except for
    9·1 answer
  • Which of the following is a disadvantage of being a high self-monitor?
    12·1 answer
  • He Celler-Kefauver Antimerger Act of 1950 Group of answer choices
    15·1 answer
  • According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the dir
    5·1 answer
  • A mixed-market economy is one in which
    13·1 answer
  • Sales and excise taxes are levied on retailers, but retailers add these taxes to the prices of their products. this illustrates
    8·1 answer
  • When using the​ _______ always be careful to avoid​ double-counting outcomes?
    15·1 answer
  • Is a savings account safe for than investing in stock market
    5·1 answer
  • Because of the tvm concepts learned in this topic, you should _________ receiving $1,000 in 1 year if given the opportunity to r
    10·1 answer
  • Does the seller's agent represents the broker True or false?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!