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Aneli [31]
3 years ago
14

Patrick Rach International issued 5% bonds convertible into shares of the company's common stock. Rach applies U.S. GAAP. Upon i

ssuance, Patrick Rach International should record:-The proceeds of the bond issue as part debt and part equity-The proceeds of the bond issue entirely as debt-The proceeds of the bond issue entirely as equity-The proceeds of the bond issue entirely as debt if the bonds are mandatorily redeemable
Business
1 answer:
Ludmilka [50]3 years ago
6 0

Answer:

The correct answer is letter "B": The proceeds of the bond issue entirely as debt.

Explanation:

Under the U.S. General Accepted Accounting Principles (<em>GAAP</em>) the issuance costs of bonds are ignored for reporting purposes but the amount of sales revenues is recorded as debt. The amortization of the bond can be calculated using the <em>effective interest method</em> or the <em>straight-line method</em>.

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Mice21 [21]

Answer: Helps her keep track of where her money is going

Explanation:

One of the best way to keep record of expenditures is by tracking and placing carefully their transaction details and record. This helps in the area of accountability. Melissa does this to keep track of where her money is going so she can save and manage her resource properly.

7 0
2 years ago
The payment represents rent for the years 2022 and 2023, the period covered by the lease. Kraft Company is a cash basis taxpayer
anygoal [31]

Answer:

Don't know the answer but gl

Explanation:

just neeed to use the app for answer hope you have a good day ;]

5 0
3 years ago
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match
Romashka-Z-Leto [24]

Answer and Explanation:

The matching is as follows

1. In the absorption costing, the gross profit is on the income statement

2. The variable cost provided the useful report with respect for controlling cost

3. The fixed selling cost be the period cost in both the absorption & variable costing

4. In absorption costing, it required by GAAP

In this way it should be matched

hence, the same would be relevant and considered

7 0
3 years ago
Questions<br>why do we need to understand the idea of culture, society and<br>politics?​
My name is Ann [436]

Answer:

Because the all works that we did done and thinks to doing need some rules. Every thing in this world pepole looks this is wrong. We have to understand our culture because we live in the frame. The frame is culture anyone cqnt change it. Political like a game. Every politicions working for luxury life. They never think about the denziens of their country. As i think this is rhw reasone to understand the political.Socity is very diffrent. Always it full of curropution. we have to carefull of our self always.

So this is my answer you can add some to your self..

4 0
3 years ago
This year Erie achieved an ROE of 23.9%. Suppose the Board of Directors of Erie mandates that management take measures to increa
allochka39001 [22]

Answer:

c. Erie s ROE will remain the same

Explanation:

As the return on asset is calcualte using the asset figure it will not change with a financial leverage measurement.

As the financial leverage acts in the composition of other side of the accounting (assets = liabilitis + equity) it will change the return on equity, the debt ratio and other metric related to this side but, not the return on assets.

8 0
3 years ago
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