Answer:
E) $12,000
Explanation:
the bonds were issued at a discount for $93,000
the face value $100,0000
coupon rate 12%
even though the bonds were sold at a discount because the coupon rate was lower than the market rate, the amount of cash paid as interest is based on the face value = $100,0000 x 12% = $12,000
the journal entry to record the sale of the bonds would be:
Dr Cash 93,000
Dr Discount on bonds payable 7,000
Cr Bonds payable 100,000
whatever method the company uses to record interest, the amount of cash paid will always be the same
Answer:
I dont know the answer im just saying this so I can come back to it when there is an answer
Explanation:
The answers are the following:
a.
Brandon:
$7,000 + [($10,000/4)×3¿= $8,500
Ryan:
$7,000 + [($10,000/4)×1¿= $7,500
b.
Brandon $7,000
Ryan <span>$7,000</span>
Answer:
5 years
Explanation:
5 years is long term hope this helps
Answer:
B: Modern Language Association (MLA)
Explanation:
I'm taking the BIM Cumulative Exam 2022
