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Citrus2011 [14]
2 years ago
11

Which of the following statements are TRUE?

Business
1 answer:
Goryan [66]2 years ago
4 0
D) Checkabe Deposits are assets for the bank
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he balance sheet of Indian River Electronics Corporation as of December 31, 2020, included 13% bonds having a face amount of $92
Nadya [2.5K]

Answer:

Dr Bonds Payable 92,000,000

Dr Loss on early existing 7,760,000

Cr Discount on Bonds Payable 5,000,000

Cr Cash 94,760,000

Explanation:

Preparation of the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2021

Based on the information given the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2021 will be :

Dr Bonds Payable 92,000,000

Dr Loss on early existing 7,760,000

Cr Discount on Bonds Payable 5,000,000

Cr Cash 94,760,000

(103%*92m)

Calculation for Loss on early existing

Loss on early existing=[(94,760,000 + 5,000,000)- 92,000,000]

Loss on early existing= 99,760,000- 92,000,000

Loss on early existing=7,760,000

5 0
3 years ago
1. One advantage of sole proprietorship is:
REY [17]
The right one is b available of different talents
5 0
3 years ago
What is the viability and relevancy of insurance products sold to businesses and individual
Anna11 [10]
The viability and relevance of insurance products usually cater the preference of the insurance buyer.
For example, some buyer want to make sure that they have a safe retirement so they tend to lean towards good individual retirement policy.
Some buyer want to make sure that his/her family is taken care of if something happens to them, so they tend to seek the product with highest life coverance, etc.
8 0
3 years ago
Which group of americans saw job opportunities expanded during wwii?
Afina-wow [57]
<span>Women were able to find more employment on the in America during WW2, as many jobs typically staffed by men were being vacated due to the increased need for manpower in the military.</span>
7 0
2 years ago
Opportunity costs are a large factor in individual decision-making. Please sort the statements according to whether or not they
uranmaximum [27]

Answer:

Has an opportunity cost

  • Having a "lazy afternoon" VS Working an 8 hour shift VS
  • Cooking dinner VS Eating out
  • Reading you favorite book VS Catching up with an old friend

Explanation:

Opportunity costs refer to the extra costs or benefits lost associated with choosing one activity or investment over another alternative. In other words, every  activity that you carry out includes the opportunity cost of not doing something else. No matter what we do, we could be doing something else.

4 0
2 years ago
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