1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
3241004551 [841]
3 years ago
14

Analyzing and Reporting Financial Statement Effects of Bond Transactions Winston Inc. reports financial statements each December

31 and issues $400,000 of 9%, 15-year bonds dated May 1, 2017, with interest payments on October 31 and April 30. Assuming the bonds are sold at par on May 1, 2017, complete the financial statement effects template to reflect the following events: (a) bond issuance, (b) the first semiannual interest payment, and (c) retirement of $150,000 of the bonds at 102 on November 1, 2017. Use negative signs with answers, when appropriate.
Business
1 answer:
attashe74 [19]3 years ago
8 0

Answer and Explanation:

The financial statement effects template to reflect the following events is shown below:-

Balance Sheet

Transaction Cash assets + Non Cash = Liabilities+Contributed                                                 assets                               capital Earned Capital

a.                      $400,000                           $400,000

b.                       -$18,000                                                

-$18,000

c.                      -$202,000                        -$202,000  

Income statement

Transaction     Revenue     -   Expense    =     Net income

b.                       $18,000            -$18,000

c.                                                  $2,000           -$2,000

You might be interested in
10. Which of the following scenarios would best exemplify Adam Smith's view of best serving the
nordsb [41]

E. Individuals in the country may pursue their own economic growth and self-interest by doing whatever is best for them

Explanation:

8 0
3 years ago
On December 1, Marzion Electronics Ltd. has three DVD players left in stock. All are identical, all are priced to sell at $161.
Leni [432]

Answer:

$208

Explanation:

Using the FIFO Inventory method, inventory items are assumed to be sold in the order in which they were purchased from the earliest to the latest.

The order of purchase of the inventory items are.

Jun. 1, DVD Player 1012, $113

Nov. 1, DVD Player 1045, $95

Nov. 31, DVD Player 1056, $88

Therefore, if two of the three items are sold, the cost of goods sold is the cost of the first two items purchased

= 113 + 95 = $208.

4 0
3 years ago
Read 2 more answers
Which of the following phrases is an example of structural que ?
Inessa05 [86]

Answer:

excuse me but where is the phrase?

7 0
2 years ago
Suppose that the price of chicken rises sharply compared to the price of turkey. In response, consumers buy more turkey and less
astra-53 [7]

Answer:

A.overstate; substitution

Explanation:

Consumer Price Index (CPI): is a measure that examines the weighted average of prices of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking the average of the price changes for each item in the predetermined  goods. Changes in the CPI are used to assess price changes associated with the cost of living therefore the CPI is used economist for identifying periods of inflation or deflation.

when we say the CPI overstate inflation; it is because of:

Substitution bias (when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives; Therefore, it tends to overstate inflation due to a lack of accountability ) and;

Quality bias (over time, technological advances increase the life and usefulness of products).

3 0
3 years ago
Use what you have learned about demand to answer the question. Based on the law of demand, when the price of a specific good dec
Readme [11.4K]

Answer:

The answer is: It will increase.

Explanation:

According to the law of supply and demand, when the price of an specific good or service decreases, the quantity demanded for that good or service will increase.

For example, if the price for a movie ticket is $10, 100 people will go to the movies. If the movie theater starts a promotion and lowers the price for movie tickets to $6, many more customers will be willing to go the movies. Either because they believe watching a movie in the theater is worth 6$ or more, or because they will now be able to afford going to the theater.  

6 0
3 years ago
Read 2 more answers
Other questions:
  • business processing company, trains all of its employees in handling customer calls. After the completion of the training, the c
    8·1 answer
  • When Anhueser Busch InBev sells Budweiser beer made in St. Louis, MO, to Germany, the sales of its product would be classified a
    8·1 answer
  • Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab
    13·1 answer
  • The opportunity cost of earning an advanced collage degree is that
    8·1 answer
  • The Boat Works decided to go public by offering a total of 135,000 shares of common stock to the public. The company hired an un
    8·1 answer
  • S= (1+r)c. find c if s=174 and R<br> =455
    10·1 answer
  • On January 1, Year 1, Bell Corp. issued $340,000 of 10-year, 8 percent bonds at their face amount. Interest is payable on Decemb
    11·1 answer
  • Is the time it takes to fly from city upper a to city upper time it takes to fly from city a to city b discrete or? continuous?
    11·1 answer
  • The owner of a condominium hired a cleaning and junk removal service to clean his condominium after he moved. The parties agreed
    6·1 answer
  • Which of the following statements about negotiation is true? 1) Once you have gotten what you want, try pushing to see what else
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!