Answer:
The correct answer is number (1): True.
Explanation:
Due diligence refers to the exercise an individual is subject to after entering a contract with another party by which a certain standard of care is expected from the individual.
The United States Sentencing Commission is the governmental agency in charge of reviewing sentences discrepancies and promoting fair sentencing.
<em>In front of ethical issues within a firm, the U.S. Sentencing Commission states that the company must have disseminated a code of conduct so that the filing company can allege a violation of the due diligence employees are subject to.</em>
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$11,000 increase
Explanation:
The net adjustment made to retained earning account is shown below:
= Revenue earned - expenses incurred - dividend paid
= $35,000 - $23,000 - $1,000
= $11,000 increase
At the time of closing entries, we closed the revenues, expenses, and the dividend account and the net adjustment is made to the retained earning account
Answer:
Explanation:
The journal entry is presented below:
On January 2
Bond payable A/c Dr $1,500,000
To Cash A/c $1,500,000
(Being the redemption of the bonds is recorded)
The discount on bonds payable would be matured on the date of maturity so in this case the face value would be recorded and it is equaled to the carrying value
Tricky tricky. I'll go with 'A. you do not take too much' from experience.
