Answer:
Case A (issued at 100) Case B(at 97) Case C(at 101)
$300,000 $291,000 $303,000
<u>The financial statements for Case A</u>
Long term liabilities:
Bonds payable $300,000
<u>The financial statements for Case B</u>
Long term liabilities:
Bonds payable $300,000
Unamortized discount $9,000
<u>The financial statements for Case C</u>
Long term liabilities:
Bonds payable $300,000
Unamortized premium $3,000
Answer:
Explanation:
The journal entry is shown below:
Depletion expense A/c Dr $320,000
Coal inventory A/c $80,000
To Accumulated depletion $400,000
(Being the entry is recorded)
The computations are shown below:
1. For Depletion expense
= 80,000 tons × $4 per ton of coal
= $320,000
2. For accumulated depreciation
= 100,000 tons × $4 per ton of coal
= $400,000
Answer:
20.65 years
Explanation:
The number of years for investing $11,000 at rate 11% to have $77,000
PV: $11,000
FV: $77,000
Rate: 11%
FV = PV*(1+rate)^tenor
⇔ 77000 = 11000*(1+11%)^tenor
⇔ (1.11)^tenor = 77000/11000 = 7
we do the logarithm of number 7 base 1.11 to have tenor:
Tenor = 18.65 years
Together with 2 years waiting for graduation, you have to wait 20.65 yerars to have $77,000 from now.
Answer:
Because of their data. it improves their experience.
Explanation:
