The change in consumption resulting from a change in real income !
Give thanks if correct!
The correct answer is A.
In a corporation the shareholders are the owners. They are required to release the financial reports because they are entitled to transparency and need them in order to base their investment decisions on their contents.
Answer:
The main economic benefit that debt rescheduling has for developing countries is that it changes principal and interest payments to more favorable conditions.
This means that after the reschedule, developing countries will have to put less resources into the payments of public debt, which allows them to have more resources available for other public investments like education, healthcare, and infraestructure.
Answer:
cash 3,400,000 debit
bonds payable 3,400,000 credit
--to record issuance--
interest expense 153,000 debit
cash 153,000 credit
--to record first interest payment--
interest expense 153,000 debit
cash 153,000 credit
--to record second interest payment--
bonds payable 3,400,000 debit
interest expense 153,000 debit
cash 3,553,000 credit
--to record last interest payment and maturity --
Explanation:
interest expense for the bonds semianual payment
3,400,000 x 9% x 1 / 2 = 153,000
on maturity will have the interest and principal as cash outlay and we write-off thebonds payable account
Answer:
The accumulated depreciation at 31 December 2019 is $144000
Explanation:
When recording the purchase of a fixed asset, the asset should be recognized at cost at which the asset is purchased plus all the necessary costs that are incurred to bring the asset to the location and in the condition necessary to use as required and intended by the management.
The equipment purchased by Mather should be recorded as,
Cost of equipment = 336000 + 6000 + 30000 = $372000
The freight and installation are non recurring and necessary expenses to bring the asset to the location and in the condition for use as intended by management. So, these expenses are capitalized.
The straight line depreciation charges a constant depreciation expense every year through out the useful life of the asset.
Straight line depreciation = (Cost - Salvage Value) / estimated useful life
Straight line depreciation per year = (372000 - 12000) / 5
Straight line depreciation per year = $72000
So, the accumulated depreciation at 31 December 2019 is,
Accumulated depreciation = 72000 + 72000 = $144000
