Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
For Jan.1,2020 value = $626,400
Interest rate = 7%
So, we can calculate the amount of bond interest expense by using following formula:
Interest Expense = Carrying Value × Market Interest Rate
By putting the value of following
Interest expense = $626,400 × 7%
= $626,400 × 0.07
= $43,838
Hence, the amount of bond interest expense to be recognized on December 31, 2020, is $43,838.
Answer:
$420,000 deferred tax asset
Explanation:
Deferred-tax assets are asset that occurred when company's or organization record income tax is less than the one which is been paid to the tax authority.
Taxable income 3,200,000
Less;Income (per books before income taxes) $2,000,000
Total $1,200,000
Therefore
$1,200,000×35%
=$420,000 deferred tax asset.
Cross record should record $420,000 as a net deferred tax asset or liability for the year ended December 31, 2018
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A business is an activity that makes a living or makes money by manufacturing or buying and selling products. It is also "any activity or business carried on for profit."
A company is an organization or company engaged in commercial, industrial, or professional activities. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietorships, corporations and partnerships.
The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home. noun.
Learn more about business here:brainly.com/question/24553900
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Answer:
$ 62,500
Explanation:
1. calculating weekly revenue: 85 clientX25 dollars
85x25=2,125.00
2. Annual income: 2, 125x52=110,500 dollars.
3. Annual expenses: =48,000 dollars
4. Annual revenue: revenue - expenses=62,500.00
Annual income dollars: 62,500.00
Answer:
The correct answer is: hostile takeover.
Explanation:
A Hostile Takeover is a takeover by a bidding firm of a target company where the two parties fail to reach a purchase agreement or the target company is unable to go through with the transaction. Hostile takeovers are popular among public companies in which the shareholders -represented by the Board of Directors- are the owners.
