Hello,
The answer is True.
Hope this helps
Answer:
B) calculate the number of years required for real GDP to double
Explanation:
The rule of 70 calculates the amount of time it takes for an investment to double.
Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.
It is calculated as 70 / annual rate of economic growth.
I hope my answer helps you.
The answer is D. Physical or cultural difference; subordination.
My answer will be E all of the above. I hate credit card debit
Answer:
The correct option is E ,a gain of $2000
Explanation:
A carrying value of $203000 implies that Chang industries currently has obligation of paying bondholders $203000 sitting in the bond payable account.
From the above, to settle the obligation a cash outflow of $203,000,hence paying only $201000 means the company pays $2000 less than it ought to pay,then a gain of $2000 is recorded.
The double entries for this transaction is given below
Dr Notes payable account $203000
Cr cash account $201000
Cr gain on redemption $2000
The gain is written to profit or loss in the period of redemption as it is a realized gain.