Answer:
Dr. Cr.
Cash $514,100
Discount on bond payable $15,900
Bond Payable $530,000
Explanation:
Cash is received against the Bond issued is debited due to its debit nature and the bond payable account is credited because it is a liability and its nature is credit.
Cash Received = ( 530,000 / 100 ) x 97 = $514,100
Discount = (530,000/100) x (100 - 97) = $15,900
Answer: Enterprise System.
Explanation:
An enterprise system is a software system used by an organization to gather information/data from different departments in the organization: The information gathered can be easily accessed or used by the different departments of the organization.
If an employer chooses a per diem method of substantiation for travel expenses, the meals and incidental expenses method requires actual cost records to substantiate lodging expenses.
Option E
<u>Explanation:
</u>
The price of the meal and the additional expenses while travelling away from home for work purposes is deducted from an employee or self-employed person. The expense deduction generally requires the costs to be substantiated.
There has been, however, an optional form that prohibits receipts for these taxpayers.
The IRS releases Diem levels for different parts of the United States (see Notification 2015-63 on the subject of irs.gov). For just the intent of measuring a meal and an accessory deduction, taxpayers may use such per diem rates and will be required to prove it.
If an employer wants a method of proof of travel expenses by Diem, the meal and by-product procedure requires real cost records in order to prove accommodation expenses.
Answer:
$23,520
Explanation:
The computation of book value of the machine is shown below:-
Machine cost $28,000
Less: Depreciation $4,200
($28,000 - $2,800) ÷ 6
Book Value at beginning
of Year 2 $23,800
Add: Improvements $7,000
Total $54,600
Less: Accumulated
Depreciation for 3 years $31,080
($54,600 - $2,800) × 3 ÷ 5 years
Book Value Dec 31, Year 4 $23,520
Answer:
the answer is D it is the right answer