The process through which cultural ideals or values are transferred to products and then to consumers is known as meaning transference. An example would be the state of diamond engagement rings before 1930s. Before that period, diamond rings are not given much importance for engagement but due to consistent promotions by the the companies like relating diamonds to a long lasting relations ship or the "forever" element, it has now become a norm for engagements.
Answer:
The amortization of discount on bonds payable increases the interest expense and decreases the bonds payable balance. Discount on bonds payable is a contra liability account with a debit balance that decreases the credit balance of the bonds payable account.
Explanation:
E.g. $100,000 in bonds are issued, annual coupons with a 4% interest rate, matures in 5 years and sells for $90,000
the journal entry to record the issuance
Dr Cash 90,000
Dr Discount on bonds payable 10,000
Cr Bonds payable 100,000
The journal entry to record first coupon payment using straight line method of amortization
Dr Interest expense 6,000
Cr Cash 4,000
Cr Discount on bonds payable 2,000
The bonds payable account balance after the first coupon payment = $92,000
Answer:
It's C
Explanation:
Your net worth isnt money you can spend its how much money your worth
Answer: Core Competency and Distinctive Competency
Explanation:
Answer:
C. Buddy cannot be a creditor of the corporation after the redemption.
Explanation:
"A stock redemption that terminates a shareholder’s entire stock ownership in a corporation will qualify for sale or exchange treatment under § 302(b)(3). The attribution rules generally apply in determining whether the shareholder’s stock ownership has been completely terminated. However, the family attribution rules do not apply to a complete termination redemption if the following conditions are met:
The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
The former shareholder files an agreement to notify the IRS of any prohibited interest acquired within the 10-year period and to retain all necessary records pertaining to the redemption during this time period."
Reference: South-Western, Thomson. “Chapter 5.” To Qualify for Sale or Exchange Treatment, a Stock Redemption Generally Must Result in a Substantial Reduction in a Shareholde, 2005,