Suppose that a city has 90,000 dwelling units, of which 35,000 are houses, 45,000 are apartments, and 10,000 are condominiums.

Garcia Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. Cash proceeds exceed

777dan777 [17]

Answer:

Discount on bond payable

Explanation:

since in the question it is mentioned that the company has issued the common stock warrants also the cash proceeds is more than the sum of the fair value + face value

So we presume that the bond are to be sold at the discount

Therefore the excess should be reported as the discount on bond payable

5 0

3 years ago

Free 50 pts and Brainliest! ;D

IgorC [24]

Answer:

<3 <3 <3 <3 <3

7 0

3 years ago

Read 2 more answers

Tuliptime, Inc. sold American fashions to a Japanese company at a price of 3.3 million yen. On the sale date, the exchange rate

morpeh [17]

Answer:

B. Credited Gain on fluctuation of foreign currency for $1,170

Explanation:

The journal entry to record the collection of foreign receivables is provided

Account Titles and Explanation Debit Credit

Cash 40,170

(3,900,000 * 0.0103)

Foreign reserve 39,000

(3,900,000 * 0.01)

Gain of fluctuation of foreign currency 1,170

(3,900,000 * 0.0003)

Hence, the correct option is Credited Gain on fluctuation of foreign currency for $1,170

5 0

3 years ago

After getting her degree in Economics, Jeanine went to work for the Bureau of Labor Statistics. She compiles data on the unemplo

DaniilM [7]

Answer:

The correct answer is letter "D": How well the economy is doing at a macro level.

Explanation:

The U.S. Bureau of Labor Statistics (BLS) is an agency in charge of gathering ad analyzing data regarding the labor market and productivity. In such a way, it provides useful output about unemployment and employment in different sectors of an overall economy. If the economy is underperforming, the unemployment rate will be higher but, it the economy is healthy and prosperous the unemployment rate should be lower than the employment rate.

Therefore, by taking a look at the unemployment rate given by the BLS, Jeanine can have an idea of how well the U.S. economy is performing at a macro level.

6 0

3 years ago

On December 31, 2020, Flounder Company signed a $1,278,400 note to Culver Bank. The market interest rate at that time was 10%. T

S_A_V [24]

Answer:

All requirements are solved

Explanation:

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. Each periodic payment is the same amount in total for each period.

Requirement A

Amount of cash Flounder received from the loan =(1,278,400 x 0.62092) (102,272 x 3.79079)

Amount of cash Flounder received from the loan = 1,181,476

Requirement B

Date Cash Interest Increase in Carrying Amount

Received Revenue Carrying Amount of Note

12/31/20 1,181,476

12/31/21 102,272 118,148 15,876 1,197,352

12/31/22 102,272 119,735 17,463 1,214,815

Requirement C

Loss due to impairment = 1,214,815 - [(767,040 x 0.75131) (102,272 x 2.48685)]

Loss due to impairment = 384,195

6 0

3 years ago