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Effectus [21]
3 years ago
12

Any unamortized premium should be reported on the balance sheet of the issuing corporation as

Business
2 answers:
stich3 [128]3 years ago
5 0

Answer:It should be an addition to the face amount of the bonds in the liability section. This is because a premium on a bond investment made is usually recorded in the account for investment and amortized over it’s known useful life

nlexa [21]3 years ago
3 0

Answer:

an addition to the face amount of the bonds in the liability section

Explanation:

When a bond is sold at a premium, it means that its market price was higher than its face value, e.g. face value = $100, market value = $105 results in a $5 premium.

the journal entry for this example should be:

Dr Cash 105

    Cr Bonds payable 100

    Cr Premium on bonds payable 5

Both bonds payable and premium on bonds payable are liability accounts.  

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At the end of a company's first year of operations, 2,000 units of inventory are on hand. Variable costs are $100 per unit and f
Scilla [17]

Answer:

absorption income higher by $60000

Explanation:

given data

inventory on hand = 2,000 units

Variable costs = $100 per unit

fixed manufacturing costs = $30 per unit

to find out

higher net income of what amount

solution

we know that Absorption cost and variable cost are different in their treatment of the fixed manufacturing costing

so we use of absorption cost that carry over in fix cost into ending inventory is here

absorption cost that carry over = fixed manufacturing costs × inventory on hand  

absorption cost that carry over = $30 × 2000  

absorption cost that carry over = $60000

so that here this amount is use for variable costing and absorption income higher by $60000

4 0
4 years ago
Stocks have market prices, and they also have intrinsic values. If the market price is below the intrinsic value as estimated by
oee [108]

Answer:

True

Explanation:

If the price of a stock drops suddenly, there is more supply than demand. People want out - and they usually want out for a reason.

5 0
3 years ago
What term refers to the total compensation that an employee earns before their employer deducts taxes and withholdings?
NeX [460]

"Gross pay"

Gross pay is <em>before </em>taxes and withholdings, net pay (aka take-home pay) is what is left over <em>after </em>taxes/etc are taken out.

7 0
4 years ago
Read 2 more answers
The state government decentralizes power by assigning many functions to units of local government, especially _____.
Evgen [1.6K]
 <span>The state government decentralizes power by assigning many functions to units of local government, especially: Counties

Counties has the authority to handle various forms of administrative task and spreaded all over the nations so it will be easily accessible for the citizens from all states.</span>
3 0
3 years ago
List the steps of the decision making process.
crimeas [40]
<span>Step 1: Identify the decision. You realize that you need to make a decision.
Step 2: Gather relevant information.
Step 3: Identify the alternatives.
Step 4: Weigh the evidence.
Step 5: Choose among alternatives.
Step 6: Take action
<span>Step 7: Review your decision & its consequences.</span></span>
6 0
3 years ago
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