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mylen [45]
3 years ago
12

You own a large company and would like to issue bonds for $12 million to pay for the construction of a new manufacturing facilit

y. As a bond issuer, your company will need to
Business
1 answer:
mars1129 [50]3 years ago
3 0

Answer:

Find a bondholder or purchaser.

Explanation:

A bond issuer is someone who borrows money, in this example, my company.

In order to being able to financiate the construction of a new manufacturing facility for my company, I would have to find a bondholder (or some ofthem) that would lend me all the money, with its pertinent clauses.

I would have to fill those clauses, perhaps its money returning timeline, some finantial records, etc.

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Lauren had a listing agreement with Florence, a Minnesota real estate broker. After Lauren's agreement with Florence ended, she
Law Incorporation [45]

Answer:

A

Explanation:

5 0
2 years ago
Evaluate the extent to which Wal-Mart's previous revenue policy was consistent with the revenue recognition principle.
Kipish [7]

Answer:

Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle.  It used to recognize revenue when performance obligations have not been met.

Explanation:

In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions.  Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment.  Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.

4 0
2 years ago
During June, Lionel Magazine sold for cash an advertising space for $1200 total to be run in the July through December issues. O
daser333 [38]

Answer:

Lionel Magazine

The Adjusting Journal Entry to record on July 31 for the first month of the advertising space sold includes a:

Debit to the Unearned Revenue account with $200

and

Credit to Earned Advertising Revenue account with $200

This will reduce the Unearned Revenue account by $200 being the amount for July (one month) and at the same time, increase the Earned Advertising Revenue account by $200.

Explanation:

a) Data and Analysis:

Unearned Revenue $200 Earned Revenue $200 ($1,200/6)

3 0
2 years ago
Read 2 more answers
The direct method of reporting operating cash flows: ________
nalin [4]

Answer:

e. Is not recommended by the FASB, but is commonly used.

Explanation:

A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.

The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;

1. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments etc.

2. Cash-flow from financing activities: it represents the cash flow from debt or equity. Typically, it's the costs used in a financing a business.

3. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods etc.

Generally, the statement of cash flows provides financial information about an organization's operating profitability and how it use its operating cash flow.

Financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining financial accounting and reporting standards for general guidance of individuals or capital providers such as investors, issuers and auditors.

In Financial accounting, the direct method of reporting operating cash flows uses actual cash inflows and outflows from the operating activities of a company by generating data from the income statement (cash receipts and cash disbursements/payments).

However, the direct method of reporting operating cash flows is not recommended by the FASB, but it's commonly used.

This ultimately implies that, it's a recommended accounting method, but it's not an accounting standard required by the financial accounting standards board (FASB).

7 0
3 years ago
George and Margaret Wealthy are in the 42 percent tax bracket, considering both federal and state personal taxes. Norman Briggs,
den301095 [7]

Answer:

Wealthy's tax bill stand reduced by $168,000

Explanation:

These donations amount for complete deduction.

Income before deduction = $3,000,000

Tax rate = 42%

Therefore tax before deduction = $3,000,000 \times 42% = $1,260,000

Since the donation is completely deductible:

Income after deduction = $3,000,000 - $400,000 = $2,600,000

Tax thereon:

$2,600,000 \times 42% = $1,092,000

Reduction in tax paid = Tax paid without donation - Tax paid after donation

= $1,260,000 - $1,092,000 = $168,000

8 0
3 years ago
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