Answer:
Dr. Cash $250,000
Cr. Bond Payable $250,000
Explanation:
Bonds issued are the liabilities for the company because it company received cash against the bonds which will be paid at maturity along with the interest.
As cash is an asset and it is being received, to increase the value of cash balance we debited the cash account. The bond is a liability and to add a value in a liability account we need to credit the bond payable account.
Third degree - Euphemism for torture. However, its origins are unknown. Modern Reid technique is believed to be a psychological version of third degree. It entailed taking a suspect through different modes of physical stress and pain. This was aimed at forcing confessions or admission of guilt from the suspect.
Answer:
The authorized common stock shares remain 1,000,000 shares.
Explanation:
The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares. The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding. The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.
The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account. The treasury stock account is a contra account to the Common Stock.
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Answer:
a. $675.33
b. $1,943.03
c. $747.26
d. $4,026.05
Explanation:
a. Future Value
Pv = - $450
Pmt = $ 0
p/yr = 1
n = 6
r = 7 %
Fv = ?
With the above parameter available, the future value, Fv is $675.33
b. Future Value
Pv = - $900
Pmt = $ 0
p/yr = 1
n = 10
r = 8 %
Fv = ?
With the above parameter available, the future value, Fv is $1,943.03
c. Principal Amount
Pv = ?
Pmt = $ 0
p/yr = 1
n = 5
r = 6 %
Fv = $1,000
With the above parameter available, the future value, Pv is $747.26
d. Principal Amount
Pv = ?
Pmt = $ 600
p/yr = 1
n = 10
r = 8 %
Fv = $0
With the above parameter available, the future value, Pv is $4,026.05
