The bond issuance should be recorded as the bond issued with discount. There is a difference between the bond's par value and its selling price. If a bond sold below its par value, a discount will appear as the difference between them. For the journal entry, there will be a debit balance in cash account for $1,864,097, debit balance in the discount of the bond payable account for $ 135,903, and credit balance in the bond payable account for $2,000,000.
The reason why the opportunity cost of attending college is higher for the 50 year old is because he is at the point in his life where he has responsibilities that he may have to neglect in order to be in college.
<h3>What is opportunity cost?</h3>
This is the economic term that is used to refer to the alternatives that have been forgone in order to go with a different choice. The opportunity cost is the cost of leaving a choice in order to get benefits from another choice. The benefits that have been lost from the choice that was not selected is the concept that is being accepted here.
For a 50 year old man, when he goes off to college, he may have to let go of certain things that are required of him based on the age he has ascertained. This may be having a job to take care of a family, being actively present in the life of his children if he has any and other duties.
This is unlike the 20 year old that is yet to get tp the stage where he has a lot of duties. He may be able to face his education more squarely.
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Answer:
$147,000
Explanation:
According to the historical cost principle, the assets of the company should be recorded at the purchase price or acquisition price in the financial statements
Since in the given situations many values are given with respect to the acquisition done by the seller, for tax turquoises, etc
But it is recorded at the purchase price i.e $147,000
Answer:
stay relaxed,think fast and focus
Explanation:
I have experience on that
Answer:
The demand curve will shift to the left thus, decreasing the both, the level of price and the output of the economy.
Explanation:
increase in taxes x tax multiplier = effect of taxes
150 billons x -1.3 = -195 billions
This will make the aggregate demand decrease.
However, if this increase in taxes is backed up with government spending will end up with a positive effect as the governement spending also has a multiplier effect which is greater than tax multiplier by one unit.