1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
castortr0y [4]
3 years ago
15

Several years ago, Walters Company issued bonds with a face value of $1,000,000 at par. As a result of declining interest rates,

the company has decided to call the bond at a call premium of 5 percent over par. Record the retirement of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Business
1 answer:
Pavel [41]3 years ago
8 0

Answer:

Walter company Journal $

Date

Bond investment Dr 1,000,000

Bond premium Dr 50,000

Bank Cr. 1,050,000

Narration. Bond retirement at a premium of 5% over par.

Explanation:

The bond investment account is kept fixed at the amount at which it was subscribe, the corresponding interest are debited to income statement on payment to the bond holders.

In the same vein the retirement of the bond at a premium represents an expenses to the firm which has to be debited to the income statement on payment to the bond holders.

You might be interested in
1. Assume that in the relevant jurisdiction, contracts with clauses restricting working for competitors for more than six months
jeyben [28]

<u>Answer: </u>Wrongful interference with a contractual relationship requires the existence of enforceable contract, third party  knowledge, and intentional inducement.

<u>Explanation:</u>

All the business consist of information which is invaluable and wants the employees to keep it within the business and not sell it to competitors. As they are the successful objectives of the business.

Contractual relationship is the relationship bound by legal requirements where there are two or more parties who agree with same terms through enforceable contract. Intentional inducement is where an individual causes damage to  contractual relationship with third party. The damage can be of monetary basis.

8 0
3 years ago
The Labor-Management Reporting and Disclosure Act (Landrum-Griffin Act) was designed to protect the rights of individual union m
Artist 52 [7]

Answer:

The correct answer is the first option: True.

Explanation:

To begin with, the "Labor Management Reporting Disclosure Act", or also known as Landrum-Griffin Act, was the name given to a law from the United States that basically has its main purpose in the protection of rights from the individual members of the Unions. This law focus particulary in the relationship that exists between the Union as an organization of power and the members inside due to a matter of internal affairs in the search of reducing abuse of power and position as well. That is why that this law seeks for the benefits of the individuals parties in the wake of the increase of their rights.

5 0
3 years ago
At the beginning of the day, the dow jones index was at $10,287.56. at the end of the day, the dow jones index was at $10,005.23
ehidna [41]
<span>(10,287.56 - 10,005.23) / 10,287.56 = 
(282.33) / 10,287.56 = 0.0274
0.0274/100 = 2.74%
</span><span>At the beginning of the day, the dow jones index was at $10,287.56. at the end of the day, the dow jones index was at $10,005.23. </span>The rate of change of the dow jones on this particular day is 2.74%
7 0
3 years ago
Consignment goods are:
Nady [450]

Answer:

Goods shipped by the owner to the consignee who sells the goods for the owner.

Explanation:

Consignment goods -

It refers to the goods holded by the consignee which is responsible for selling the goods , is referred to as consignment goods .

The consignee receives certain amount of money as commision for the goods .

This method is used by many manufacturing firm , to have a smooth and proper distribution of goods and services .

Hence , from the given question ,

The correct option is first one .

8 0
3 years ago
discuss what the scatter chart inidcates about the relationship between profits and market capitalization
Leona [35]

The scatter chart indicates that there is a positive linear relationship between profits and market capitalization.

<h3>What is a Scatter chart?</h3>

This is defined as a mathematical diagram which uses dots to represent values for two different numeric variables.

In this case, the scatter is relatively small with a positive slope which depicts a positive linear relationship between the variables.

Read more about Scatter chart here brainly.com/question/6592115

5 0
3 years ago
Other questions:
  • You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this pa
    6·1 answer
  • Lem Co., which accounts for treasury stock under the par value method, acquired 100 shares of its $6 par value common stock for
    13·1 answer
  • Which of the following is TRUE regarding the persuasive business​ message? A. The persuasive business message generally relies m
    10·1 answer
  • In 1776, an economics book titled was published to promote the concept of free enterprise.
    6·2 answers
  • You are considering investing in a no-load mutual fund with an annual expense ratio of .6% and an annual 12b-1 fee of .75%. You
    6·2 answers
  • Government inputs, especially the 1825 Erie Canal and subsequent projects like the Chesapeake and Ohio Canal, created an economi
    9·1 answer
  • eall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mach
    15·1 answer
  • Dwight Donovan, the president of Stuart Enterprises
    7·1 answer
  • Brandon Oil Company recently purchased oil and natural gas reserves in a remote part of Alaska for $800,000. Brandon spent $10,0
    6·1 answer
  • "Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding t
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!