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
sukhopar [10]
2 years ago
8

Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon

ds payable account decreased by $1,500. What was the amount of cash paid for interest expense during the year?
Business
1 answer:
rodikova [14]2 years ago
8 0

Answer:

The amount of cash paid for intrest expense during the year was $ 41.500.

Explanation:

Cash paid for interest expense  = bond interest expense + Decrease in premium on bonds payable account

                                                     = $ 40,000 + $ 1,500

                                                     = $ 41,500

Therefore, the amount of cash paid for intrest expense during the year was $ 41.500.

You might be interested in
What does usability effectiveness mis metrics measure?
Norma-Jean [14]
<span>The ease with which people perform transactions and find information.</span>
3 0
3 years ago
Assume that Jane’s marginal propensity to consume equals 0.8, and that in 2004 Jane spent $36,000 from her disposable income of
Hoochie [10]

Answer:

First we need to find the increase in her disposable income by subtracting the old disposable income from the new disposable income.

Old Disposable income= 40,000

New disposable income = 50,000

Change in disposable income = 50,000-40,000= 10,000

Although her mpc is 0.8 we need to find out what proportion of her disposable income does she spend on consumption.

So her disposable income was 40,000 and consumption was 36,000

36,000/40,000= 0.9

This means that Jane spends 90% of her dispoasble income on consumption, so if her disposable income increase by 10,000 her increase in consumption was

0.9*10,000= 9,000

Increase in consumption = $9,000

Explanation:

3 0
3 years ago
Icon International, a software company, incorporated on January 1, 2013 is planning to convert to IFRS. The company decided to p
bekas [8.4K]

Answer:

The correct transition date which Icon international will show is B) January 1, 2015.

Explanation:

Icon international which was incorporated on January 1, 2013, wants to convert to IFRS( International financial reporting standards ) , which provides a  similar international language for business affairs, which would help making company accounts comparable and understandable across the global boundaries.

The correct transition date would be the year starting date ( 1 January ) , as the year in which company starts adopting to IFRS standards and making IFRS statements , so here the January 1, 2015 would be the correct transition date.

6 0
3 years ago
What is the corpus callosum?
Nana76 [90]

The corpus callosum  is the part of the brain that has white matter that helps in  the connection  of the left and the right cerebral parts of the human brain.

<h3>What is the role of the corpus callosum?</h3>

The role of the Corpus Callosum is to make sure that the right side and the left side of the brain are able to connect.

By the word connect, this would mean that they are able to send messages to each other.

Read more on corpus callosum here: brainly.com/question/13094825

#SPJ12

4 0
1 year ago
Why is it important to review your personal information for accuracy when you receive an invoice?
Sav [38]

When you receive an invoice, it is important to review your personal information for accuracy, the reason behind this is to ensure that the invoice is going to sent you and it is related to you. To make sure that the information you sent or saved is related to you and is reliable, this is done by reviewing your personal information.
8 0
3 years ago
Other questions:
  • What is one negative effect of current patterns in global trade?
    8·2 answers
  • A monopoly:
    7·1 answer
  • On April 1, 2014, Prince Company assigns $500,000 of its accounts receivable to the Third National Bank as collateral for a $300
    11·1 answer
  • Classic Company designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The compa
    7·1 answer
  • Which leadership style did the CEO of the healthcare system demonstrate in the EHR selection process?
    15·1 answer
  • Suppose smith wants one ipod no matter what the price is between $0 and $150, jones wants one ipod no matter what the price is b
    10·1 answer
  • An essential element of being receptive to messages is to have an open mind<br> True or False
    8·2 answers
  • Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
    15·1 answer
  • Which category of inventory holding costs has a much higher percentage than average for rapid-change industries such as PCs and
    7·1 answer
  • Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil f
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!