Answer and Explanation:
The journal entry is shown below:
Bonds Payable $500,000
Premium on Bonds Payable $7,500
To Preferred Stock ($500,000 ÷ $1,000 × 20 × $50) $500,000
To Paid-in Capital in Excess of Par (Preferred Stock) $7,500
(Being the preferred stock is recorded)
For recording this we debited the bond payable and premium on bond payable as it decreased the liabilities and credited the preferred stock and paid in capital as it increased the stockholder equity
Answer:
The correct answer is b. It implies that prices reflect all available information.
Explanation:
The efficient market hypothesis is a theory initially enunciated by Eugene Fama (1970). It states that the current price of an asset in the market reflects all available information that exists (historical, public and private).
This theory considers that any news or future event that may affect the price of an asset will make the price adjust so quickly that it is impossible to obtain an economic benefit from it. Given this, it is considered a waste of time and money to try to analyze the values, since there will be no undervalued or overvalued assets in the market.
The cash payments journal contains account to be credited.
Answer:
"A"
Explanation:
Restrictive covenant is a form legally binding agreement , used in trading and employment contracts ,that confines buyer to certain conditions and keep them away from some others.This means that a legal suit can be initiated if violated. It can be further grouped into non-compete ,non-solicitation and non disclosure and confidentiality agreement.
Due to its legal and enforceable nature , it takes priority over less restrictive zoning ordinances.
<u>Full question:</u>
The symbol in flowcharting that is used to mark the point in the process where the analysis skips to another common point of the process is called:
a. Terminator icon
b. Line connector icon
c. Connector icon
d. Process icon
<u>Answer:</u>
The symbol in flow-charting that is used to mark the point in the process where the analysis skips to another common point of the process is called connector icon
<u>Explanation:</u>
Connector Symbol Symbolizes that the flow proceeds where an equal symbol has been assigned. Connector symbols perform it more accessible to combine flowcharts that traverse many pages. A loop may, consists of a connector where controller first begins, processing steps, a qualified with 1 arrow exiting in the loop, and one running back to the connector.
Off-page connectors are often employed to imply a connection to a process carried on another sheet. Connectors are regularly labeled with capital letters to dispense coordinating jump points.
