Correct Answer: Option b) Income Statement. Explanation: An income statement is a financial statement that reports the revenues and expenses that …
The answer is "Online Bank"
A savings account that pays interest every month is said to have a quarterly interest period.
Answer:
that's nice, my teachers do that too on breaks
Explanation:
Answer:
Decrease, $2,000
Explanation:
The premium on bonds payable will <u>decrease </u>total interest expense recognized over the life of the bond by <u>$2,000</u>. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.