Answer: Amount should Jent report as gain on the sale of bonds : <em>$22000</em>
Explanation:
Given:
Bonds purchased at a discount of $10,000
Bonds sold at a premium of $14,000
Amortization of the discount amounted to $2,000.
Therefore, gain on the sale of bonds can be computed as:
Gains = (Cost + Premium) - (Cost - Carrying Cost)
∵ Carrying Cost = Purchasing Cost - Amortization
Carrying Cost = 10000 - 2000
Carrying Cost = $8000
∴ Gains = (10000 + 14000) - (10000 - 8000)
<u><em>Gains = $22000 </em></u>
It is true that a standing bill been passed
Answer:
<u>A. economic equity</u>
Explanation:
- The concept of economic equity is related to the fairness of economics in particular in relation to the taxation and the economic wealth and welfare.
- Economic efficiency related to the general effectiveness of resource availability to the nation and the economy with a focus on minimizing the wastages in the economy.
- While the concept of equity is based on the income, the goods, and the services with the increase of funds and the commitment for the redistribution.
Answer:
b. $150,000
Explanation:
The computation of the working capital is shown below:
= Total current assets - total current liabilities
= $370,000 - $220,000
= $150,000
We simply applied the above formula
And, the same is to be considered
Hence, the working capital is $150,000
Therefore the correct option is b. $150,000
All the other options are wrong.
Answer and Explanation:
A command economy is run by the government meaning that they take all economic decisions.In command economies most o the property is owned by the government and the means of productions is owned by the government as well.