Answer:
The Minnesota Importance Questionnaire, or MIQ, is a questionnaire that students can take in high school or college. This is a value inventory that asks questions about your personal work values so you can see what career might be best for you. After you take the test, it matches you with a selection from 185 different occupations, which represent major careers in the world. The results of the assessment, when matched with a career or different careers, are supposed to help you find out which kind of career might be best for you.
Explanation:
From Plato
The first would would be $5,500 and then the last space would be $5,250
Answer:
c. Debit to Fair value adjustment for $30,000
Explanation:
The first step of accounting process is Journal entry and it is made to record the transactions for process of book keeping, it defines the accounts involved and effects of transactions on the account by debit or credit.
As the bond price is amortized earlier by 5,000 then its net realizable value was $195,000 ( $200,000 - $5,000 ). on December 31, year 3 the fair value adjusted to $225,000. so the adjusted value will be $30,000 ( $225,000 - $195,000 ). The journal entry is as follow
Dr. Cr.
Dec 31, year 3
Fair value adjustment account 30000
Unrealized gain on available for sale securities 30000
Answer and Explanation:
The Journal entries are shown below:-
Interest expense Dr, $316,800
Premium on bonds payable Dr, $19,200 ($96,000 ÷ 5)
To Interest payable $336,000 ($4,800,000 × 7%)
(Being interest expense and bond premium amortization is recorded)
Here we debited the interest expenses and premium on bonds as it increased the expenses and we credited the interest payable as it also increased the liabilities
