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3 years ago

Bonds were issued at a discount. In the bond amortization schedule:

1 answer:

7 0

Answer: The correct answer is "C. The total effective interest over the term to maturity is equal to the amount of the discount plus the total cash interest paid."

Explanation: When the bonds are issued at a discount, in the bond amortization schedule the total effective interest over the term to maturity is equal to the amount of the discount plus the total cash interest paid.

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Gonzo Co. owns a building in Georgia. The buildingâ€™s historical cost is $970,000, and $440,000 of accumulated depreciation has

ladessa [460]

Answer:

1. The cost to be capitalized to building account is $343,600

2. The subsequent carrying amount of the building is $873,600

Explanation:

1. In order to calculate the which of the costs incurred by Gonzo Co. should be capitalized to the building account we would have to use the following formula:

cost to be capitalize=Major improvement to the plumbing+Added a loby

cost to be capitalize=$109,000+$234,600

cost to be capitalize=$343,600

The cost to be capitalized to building account is $343,600

2. To calculate the subsequent carrying amount of the building we have to use the following formula:

subsequent carrying amount=Historical cost+improvements-Accumulated Depreciation

subsequent carrying amount=$970,000+$343,600-$440,000

subsequent carrying amount=$873,600

The subsequent carrying amount of the building is $873,600

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3 years ago

Bruno and Diana are trying to calculate their gross income. Which of the following items should they exclude from their gross in

arsen [322]

Answer: $15,000 gift from Diana’s mother for the down payment of their new house

Explanation: under the US code 102- Gifts and other inheritances. Gross income does not include the value of property acquired by gift. Money given as gifts to purchase a property are not taxable.

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3 years ago

Evaluate South Africa's approach to redistribution of wealth and income

harina [27]

Answer:anser is

Explanation:

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3 years ago

Ball transforms raw materials, human resources, parts, supplies, tools, and other resources into containers using processes of f

Jlenok [28]

This process is known as operations management. Operations management serves to foster the highest possible level of efficiency within an organization. It is an important practice of business management. The way operations management is carried out in any organization is varied and it depends on the types of goods and services that are offered.

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4 years ago

In an investment center, the manager has the responsibility for and the authority to make decisions that affect a. both costs an

yaroslaw [1]

Answer:

The answer is B.) Cost, revenue, and assets invested in the center

Explanation:

An investment center is a responsibility center in which the department manager is responsible for costs, revenues and assets for the department.

An investment center is also a business unit in a firm that can utilize capital to contribute directly to a company's profitability.

Examples of departments that make up the cost center are the human resource and marketing departments, units that falls under a profit center include the manufacturing and sales department.

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3 years ago