The journal entry for the retirement of bonds will affect a debit to Bonds Payable and Premium on bonds payable accounts for an amount of $400,000 and $12,000 respectively; and a credit in the balances of Cash and Gain on retirement of bonds accounts for a sum of $408,000 and $4,000 respectively.
<h3>What is journal entry?</h3>
The systematic manner of record-keeping of financial transactions in a business in the chronological order of their occurrence is known as a journal entry. A journal entry has an equal amount of debit and credit effects.
Hence, the significance of a journal entry has been aforementioned.
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Answer:
$100
Explanation:
The present value of a cash flow can be found by discounting the cash flow at the annual interest rate.
The formula for finding present value can be found in the attached image.
The present value can be calculated using a financial calculator.
Cash flow in year one = 0
Cash flow in year two = $121
Discount rate = 10%
Present value = $100
I hope my answer helps you
Answer:
False. Even Information Technology can be considered as capital acquisition.
Explanation:
Capital acquisition means the way through which new assets are purchased for business expansion and growth.
Equipments, real estate and construction are all tangible assets and considered as capital assets whose life is usually greater than 1 year.
Any acquisition which serves a business for long term which is generally for more than one year shall be termed as capital acquisition.
Even software and patents acquired can be termed as capital acquisition if useful life of those exceeds an year.
Thus, Information technology can be considered a capital acquisition if it's useful life for business is more than an year.
Answer:
An autoworker who is replaced by a robot.
Explanation:
- Structural unemployment is when the people who lack skills have poor education. A poor education can't find a job and it is also called a mismatch between the worker's skill the workers can offer, along with the skills in demand by the employer.
- These are often brought by technological changes. other included are frictional and cyclical unemployment. As this migration or structure retraining of the employees for a long term.
Answer:
correct answer is Affiliates license is inactive until they are hired by a new employing broker
Explanation:
solution
when license of solo proprietor suspend for the 2 year then the effect on Affiliates licenses will inactive until they hire by new employing broker
because broker will entitled for pay commission to licensed broker in another state to provide payment for made part of cooperating sale
so here correct answer is Affiliates license is inactive until they are hired by a new employing broker