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
Irina-Kira [14]
3 years ago
7

On january 1 of 2015, parson freight company issues 7%, 10-year bonds with a par value of $2,000,000. the bonds pay interest sem

i-annually. the market rate of interest is 8% and the bond selling price was $1,864,097. the bond issuance should be recorded as:
Business
1 answer:
sleet_krkn [62]3 years ago
7 0
The bond issuance should be recorded as the bond issued with discount. There is a difference between the bond's par value and its selling price. If a bond sold below its par value, a discount will appear as the difference between them. For the journal entry, there will be a debit balance in cash account for $1,864,097, debit balance in the discount of the bond payable account for $ 135,903, and credit balance in the bond payable account for $2,000,000.
You might be interested in
Bill heard, as part of the _____ curriculum in his school, that certain races were not as good as others, and that coolness was
Alik [6]
<span>Bill heard, as part of the corridor curriculum in his school, that certain races were not as good as others, and that coolness was the key to everything. corridor curriculum means what students teach one another outside of the class room,usually negative.</span>
7 0
3 years ago
Would you expect holding cost to go down with increases in maximum capacity?
xxTIMURxx [149]

Answer: The answer is given below

Explanation:

Holding costs are the costs that.has to do with the storage of inventory that were not sold. costs and they are storage space, price of damaged or spoilt goods, labor, and insurance.

It should be noted that with regard to holding cost, increasing peak capacity will be expected to reduce since the capacity is typically inversely proportional to the theory of the holding cost as there may be a reduction in the holding cost so as to increase the capacity.

3 0
3 years ago
2. An entrepreneur must make sure to budget carefully since they oversee their own company's finances.
Fynjy0 [20]

Answer:

True .....this is because the entrepreneur is the risk bearer of the business...he is liable for any profit/loss.

8 0
2 years ago
If individuals pursue their own interests when participating in the markets, per Adam Smith, those individuals are being guided
docker41 [41]

Answer:

Self Interest & Invisible Hand of Laissez Faire Policy

Explanation:

Adam Smith Laissez Faire Policy - suggests that free markets are the best approach for welfare maximisation of a society, based on self interest guiding best decisions by individuals, and individual wealth & welfare maximisation implies society wealth & welfare maximisation.

The Invisible Hand of free markets corrects all the discrepancies (if any), re-guides self interest forming the basis of over all social interest. Government intervention is unnecessary & distortionary as per the theory

7 0
3 years ago
How are instrument families created?
Grace [21]
Musical instruments are grouped into families based on how they make sounds. In an orchestra, musicians sit together in these family groupings. But not every instrument fits neatly into a group. For example, the piano has strings that vibrate, and hammers that strike.

Hope I helped ❤️
Plz mark me brainiest? :)
5 0
3 years ago
Other questions:
  • In which document can the project manager (pm) find guidance for implementing earned value management (evm) contract management
    7·1 answer
  • Agent Pam receives an offer on one of her listings for less than the asking price. The home has been listed for several months;
    11·1 answer
  • C&amp;A’s potato chip filling process has a lower specification limit of 9.5 oz. and an upper specification limit of 10.5 oz. Th
    14·1 answer
  • Assume that demand for a commodity is represented by the equation P=10−0.2Qd. Supply is represented by the equation P=2+0.2Qs, w
    11·1 answer
  • Which of the following statements is CORRECT? (Assume that the risk-free rate is a constant.)a. If the market risk premium incre
    14·1 answer
  • According to Henry Mintzberg, in the _____, managers receive a great deal of unsolicited information because of their personal c
    13·1 answer
  • By making minimum payments on a credit card, the consumer can​
    8·2 answers
  • ¿Por qué implantar el DO en una organización?
    7·1 answer
  • Abbott Landscaping purchased a tractor at a cost of $29,000 and sold it three years later for $15,700. Abbott recorded depreciat
    11·1 answer
  • A company purchased a building for $850,000 on January 1, 2010. As of December 31, 2014, $200,000 of accumulated depreciation ha
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!