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Answer:
journal entry are as given below
Explanation:
given data
carrying value = $56,800
bonds decreased value = $48,100
solution
we know that here impairment loss for organization when future estimate value of assets is less than carrying value of assets
and all loss and expenses are debit
and by the impairment loss value of investment decline so maturity id credit
so here
impairment loss is
impairment loss = carrying loss - decrease value ............1
impairment loss = $56,800 - $48,100
impairment loss = $8700
so journal entry are as
date title Debit Credit
Impairment loss $8700
investment held to maturity $8700
Answer:
B. people with high incomes
Explanation:
A progressive tax system imposes high tax rates to high-income earners. In a progressive tax system, the applicable tax rates are based on income level. The higher the income, the higher the tax rate.
Low-income earners will be taxed at a lower rate, hence only a small proposition will be used for taxes. High-income earners will be taxed using a higher tax rate, meaning a bigger proposition of their income will be spent on taxes.
If this growth rate continues, what would be the stock price in four years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased
Joint venture is when two companies ask to do part or full of their job.
