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NeTakaya
3 years ago
12

At December 31, 2020, Wildhorse Company has outstanding three long-term debt issues. The first is a $1,810,000 note payable whic

h matures June 30, 2023. The second is a $4,830,000 bond issue which matures September 30, 2024. The third is a $13,760,000 sinking fund debenture with annual sinking fund payments of $2,752,000 in each of the years 2022 through 2026. Prepare the required note disclosure for the long-term debt at December 31, 2020.
Business
1 answer:
grandymaker [24]3 years ago
4 0

Answer and Explanation:

The Preparation of note disclosure for the long-term debt is shown below:-

              Note disclosure for the long-term debt

               At the year end 31, December 2020

Year                Amount                 Working note

2021                    0

2022             $2,752,000   From annual sinking fund payment

2023             $4,562,000        ($1,810,000 annual sinking fund payment + $2,752,000 note payable maturity)

2024             $7,582,000         ($4,830,000 annual sinking fund          payment + $2,752,000 bond maturity)

2025             $2,752,000    From annual sinking fund payment

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Answer:

b. rises and the quantity of dollars exchanged falls.

Explanation:

As provided that the curve shifts leftward that means the supply has decreased and that the price has fallen.

Accordingly people will tend to buy more dollars, but since the supply is less the exchange of dollars practically will fall because the supply has decreased and the supplier will not be ready to sell the same in low rates.

Accordingly the exchange rate of dollars will rise because of low supply.

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3 years ago
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lina2011 [118]

Answer:

I think it would be either B or C

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4 0
2 years ago
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3 years ago
Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the
Vilka [71]

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Mack, Marianne, and Martin

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3 years ago
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