Answer:
Option C is correct
Explanation:
The cash proceeds from the bond issuance is 96% of its face value i.e 96%*$1,000,000=$960,000
The discount on bonds payable=Face value-cash proceeds
The discount on bonds payable=$1,000,000-$960,000=$40,000
The appropriate entries would be to credit bonds payable with $1000,000 while cash and discount on bonds payable are debited with $960,000 and $40,000 respectively
Rony as the managing director of a fabric manufacturing company enjoys an employee benefit called <u>perquisites</u><u> (D)</u>.
Let's discuss each employee benefit option we have:
Novated lease is an employee benefit that allows an employer pays for its employee car lease and car runnit costs out of its employee's salary package. An employee will choose a car he wants and a novated lease arrangement is set up between the employee, employeer, and car agent. The employer then will pay directly to the car agent from the employee's salary. The employee may save tax and running costs using this kind of leasing.
Fiscal Incidence is the combined overall economic impact of both government taxation and expenditure on the real economic income of individuals. Fiscal incidence happens when the econonmic incidence of taxation is combined with the economic incidence of government expenditure. Fiscal incidence is the overall increase or decrease in welfare that individual enjoys from the state's taxing and spending policies.
Swaps is a derivative contract which stated that the two parties will exchange the cash flows or liabilities from two different financial instruments. Swaps usually are based on a notional principal amount. The most common kind of swap is an interest rate swap.
Perquisites or fringe benefits are benefits an employee received over and above his standard salary. Some of these components are taxed separately and someother are tax-exempted. Perquisites may be classified into 3 different types:
- Taxable perquisites
- Tax-exempted perquisites
- Perquisites taxable only by employee
By offering perquisites to its employee, a company may increase its employee productivity, loyalty and retention. Prequisites could also be used as an attraction for top talent.
Learn more about Employee Benefit here: brainly.com/question/12143528
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Complete Question:
Rony is the managing director of a fabric manufacturing company. In order to limit the profit of the company and therefore, the txes on the business the management pays a hefty amount to Rony as year-end bonuses. The company also pays for his family cavations and foreign trips. The benefits enjoyed by Rony are called ____
a. Novated leases
b. Fiscal incidences
c. Swaps
d. Perquisites
Answer
(1)Subtracted (2) Subtracted (3) Subtracted (4) yes, it will affect the statement of cash flow as the amortization of bonds payable (premium) to be added back to the Net income because, it is a non cash expense.
Explanation:
Solution
Given that:
(1) The changes of debit to current assets are added or subtracted from net income:
Answer: They are subtracted from net income
(2) The changes of debit to current liabilities are added or subtracted from net income.
Answer: they are subtracted from net income
(3) Redemption gains of bonds are added or subtracted from net income.
Answer: Gains on redemption of bonds are subtracted from net income
(4), Yes, it will affect the statement of cash flow As the amortization of bonds payable (premium) to be added back to the Net income, because it is a non cash expense.
Thus the cash flow statement is adjusted.
No,I don't think that the <span>government should be able to condemn property if what they plan to do is to sell it later for private use. This should apply to both the local and the national government. The government should only have the power to condemn property if some important need arises, such as security or infrastructure, and if the need is important for the functioning of a society. However, taking away someone's property to give it to someone else is not a good use of condemnation. </span>
Why is strategy implementation referred to as the "graveyard of strategy"? Ma<span>nagers often fail to implement a chosen strategy successfully despite extensive analysis of business environments.
Although tons of planning, time, and research is put into developing a plan ultimately it is up to a manager and management team to put the strategy in play and implement it. If the plan does not get implemented or implemented correctly, this can fall back on being poorly executed by management.
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