I think its demand.......
B) Sales Budget is the answer.
Answer:
True
Explanation:
This is true because if we add all the discounts factor of a particular rate 10% (suppose) for 10 years (suppose). Then the sum will be equal to the annuity factor at 10 years time. This is what the statement is saying above so it is 110% true.
Answer:
C) Debit Cash $2.02 million; Credit Other financing sources $2.02 million
Explanation:
<u>A private firm will reocrd as follow:</u>
As the bonds are sold at a higher price than their face value we recognize a premium which will be amortized over the life of the bond.
<u><em>But in this case, we are doing a public accounting thus,</em></u> we must record the cash received and credit other financing sources for the whole amount funded.
