Answer:
Explanation:
The journal entries are shown below:
On Jan 1 - Cash A/c Dr $5,000,000
To Bonds Payable A/c $5,000,000,
(Being bond is issued)
On June 30 - Interest expense A/c Dr $150,000
To Cash A/c $150,000
(Being interest paid for cash)
On December 31, Bonds Payable A/c Dr $5,000,000
To Cash A/c $5,000,000
(Being payment of principal is recorded on the maturity date)
Answer:
Taking his RMD in form of shares in a depressed market is a good investment decision. As the price will bound back and he will make more money.
Explanation:
When a traditional IRA holder gets to the age of 72 years he is entitled to required minimum distribution payments. This is not obtainable with other IRA plans.
RMD can be taken as cash or as shares. There is not tax difference between the two options.
Normally cash is better since it is easier to get access to and the beneficiary gets the exact dollar amount.
However when there is a depressed stock market, taking RMD in shares is a better option. Shares are bought and sold when prices appreciate.
This is a better option than selling shares at the low market price.
Answer:
increase of VAT is bad
Explanation:
In particular, raising VAT will have a negative effect on productivity growth. Increasing its rate reduces the economic incentives to trade and therefore hampers the division of labour and the associated productivity gains from increased specialisation, economies of scale and so on.
Answer:
C)
Explanation:
Based on the scenario being described it can be said that they would not be subject to this if the common stock were owned by a partnership where Edwards is not a partner. Most likely if the stocks were divided between Fifty-five shareholders who are related neither to each other nor to Edward, in equal lots of 10 shares each.
Answer:
Cost of goods sold= $3,870
Explanation:
Giving the following information:
beginning inventory of 430 units at $18 per unit.
The company purchases:
February= 565 units at $30 each
October= 460 units at $19
Laurel sells 215 units during the year.
Under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the firsts units incorporated into the inventory.
Cost of goods sold= 215*18= $3,870
