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
const2013 [10]
3 years ago
11

Sheffield Corporation retires its $980000 face value bonds at 104 on January 1, following the payment of annual interest. The ca

rrying value of the bonds at the redemption date is $1016701. The entry to record the redemption will include a debit of $39200 to Premium on Bonds Payable. credit of $2499 to Loss on Bond Redemption. debit of $2499 to Loss on Bond Redemption. credit of $39240 to Premium on Bonds Payable.
Business
1 answer:
RoseWind [281]3 years ago
4 0

Answer:

credit of $36,701 to Discount on Bonds Payable

Explanation:

Dr Bonds payable $980,000

Dr Loss on bond redemption $2,499

[$1,016,701-($980,000 x 104%)

Cr Discount on bonds payable $36,701

($1,019,200-$980,000-$2,499)

Cr Cash $1,019,200

($980,000 x 104%)

The entry to record the redemption will include

a credit of $36,701 to Discount on Bonds Payable

You might be interested in
Role of a veterinary doctor in rearing livestock effectively
Setler79 [48]

Explanation:

Over the years veterinary professionals have played significant and contributory roles in animal and human health and welfare, biomedical research, food quality, food safety, food security, ecology, ethology, epidemiology, microbiology, parasitology, pathology, physiology, psychology, radiology, research and development of pharmaceuticals, remedies, vaccines, and toxicology; also as educators, trainers, and policymakers, and also interlinked with wildlife conservation efforts and the protection of the environment and biodiversity. As challenges have risen, veterinarians have found ways to adapt given that their knowledge and training makes them multifunctional professionals. This aids societies so that its animals stay healthy and productive. It is not surprising that becoming a veterinarian is a highly popular career choice.

6 0
3 years ago
The ability to connect to the internet through a modem using the same wires that transmit cable television was an example of a _
joja [24]
Answer: Major innovation.

6 0
2 years ago
Most companies allocate facility-level activity costs directly to products for decision-making purposes.True or false?
Finger [1]

Answer:

False

Explanation:

Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:

1) The costs about depreciation or rent of a factory building  

2) The costs about salary of a plant manager

3) The costs about insurance, taxes, etc.  

4) The costs about training

As you see all about this cost mentioned only in manufacturing processes not in decision making.

4 0
3 years ago
some people have argued that the reported unemployment rate actually understates the extent of unemployment . explain this reaso
Ugo [173]
This is because the unemployment rate give only takes into account people that are unemployed and are looking for work. It does not account for those that are unemployed and have given up.
ex) A woman who looses her job because of technological advances is looking for work and is considered unemployed (taken into account), however a man who has tried looking for work after he was laid off has given up (not counted)
ex) A woman lost her job during the depression and cant seem to get a job with her limited skills. She has given up and is not counted in the unemployment rate
5 0
3 years ago
What is the effect of a buyer’s failure to comply with the statute of limitations recognized by the Uniform Commercial Code for
lubasha [3.4K]

Answer:

The buyer has agreed to waive his warranty rights by agreeing the clause of waiving the warranty rights under the contract.  

Explanation:

If the buyer and the seller agrees on the term that the risks and the rewards coming onwards would belong solely to the buyer and there will be no warranty claims acceptable related to this product. This is the limitation of the application of the Unifrom Commercial Code.

8 0
3 years ago
Other questions:
  • Valencia Corp. has permanent productive capacity devoted to the production of goods and services to be marketed in Asian markets
    15·1 answer
  • Eugene Wright is CFO of Caribbean Cruise Lines. The company offers luxury cruises. It's near year-end, and Eugene is feeling kin
    10·1 answer
  • Assume that a $1,000,000 par value, semiannual coupon US Treasury note with four years to maturity has a coupon rate of 4%. The
    8·1 answer
  • List three careers that require knowledge of science.
    11·1 answer
  • Earleton Manufacturing Company has $2 billion in sales and $500,000,000 in fixed assets. Currently, the company's fixed assets a
    12·1 answer
  • Grade<br> Age<br> Favorite food........
    13·2 answers
  • ______ is compared to expansionary monetary policies adopted to counteract a recession
    9·1 answer
  • When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction
    9·1 answer
  • Ayuda por favor, el que no sabe no responda o los reporto.​
    6·1 answer
  • Ayesha Is Interested in fashion and already knows how to sew. She gets a part-time job in a shop, working on clothes so they pre
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!