Answer:
this statement is true.............
Answer:
A gain of $2, 500 will be reported on the income statement.
Explanation:
When a bond is issued at par it means that there are no discounts or bond premium. Rather the bonds that are issued at par will be sold at face value.
This means that the bond's contract and market rates are equal.
Therefore in this scenario one fifth of the bond was sold at $97,500.
Value of the bond is $500,000, so the market value of portion of bond sold is:
(1/5)* 500,000= $100,000
However the amount payable is $97,500
Profit made= Market price - Amount payable
Profit made = 100,000 - 97,500= $2,500 gain
Answer:
which of the following is not considered a credit?
overdraft fee
Explanation:
Answer:
Situational Factor
Explanation:
The factor has to do with Jane's involvement in the task of buying the blanket. Jane cannot afford to drive 50 miles to buy the blanket at a cheaper price because she works a full time job and takes care of her three children. although it is cheaper she cannot afford the time it takes to drive 50 miles on her busy schedule and finds it easier to order it online as it will be delivered to her door step.
