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Marizza181 [45]
3 years ago
7

A company issues $60,000 of 6%, 5-year bonds dated January 1 that pay interest semiannually on June 30 and December 31 each year

. If the issuer accepts $62,000 for the bonds, the premium on bonds payable will (increase/decrease) total interest expense recognized over the life of the bond by $ .
Business
1 answer:
bekas [8.4K]3 years ago
6 0

Answer:

Decrease, $2,000

Explanation:

The premium on bonds payable will <u>decrease </u>total interest expense recognized over the life of the bond by <u>$2,000</u>. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.

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Ula purchased stock in Purple, Inc., six years ago for $150,000. Purple has assets with a value of $225,000 ($175,000 basis) and
elena55 [62]

Answer:

$15,000 gain

Explanation:

Assets with a value of $225,000

Remaining asset (cash) to Ula ($25,000)

Purple liabilities ($60,000)

Balance $140,000

Balance Brought forward $140,000

Remaining asset (cash) to Ula $25,000

Ula purchased stock ($150,000)

Balance $15,000 gain

Or

$225,000-$25,000-$60,000=$140,000+$25,000-$150,000=$15,000 gain

Therefore we have $15,000 gain.

3 0
3 years ago
To ensure that a lead is actually a prospect, the salesperson must _________________ the lead. Group of answer choices Qualify Q
Nezavi [6.7K]

Answer:

be sure

Explanation:

6 0
3 years ago
A team of people is giving a presentation to a client. One member says to a coworker, open double quote"I can't believe we've fi
Alexxandr [17]

Answer:

Letter C is correct. <u>Adjourning.</u>

Explanation:

The stage of adjourning t is characterized by the final stage of project development. When this is over the team disperses, so at this stage there is often a sense of loss by team members, who have formed bonds of rapprochement and friendship throughout the development of the project and at the end of the experience develop a sense of loss.

7 0
3 years ago
Mr. A owned 75% of the voting stock and 85% of the nonvoting stock of Corporation Y. Mr. A transferred property with a fair mark
Lena [83]

Answer:

$0

Explanation:

Since Mr. A already owns 75% of common stock (and 85% of nonvoting stock), the extra 5% will result in a total of 80% (and 90%), that means that he cannot recognize any loss or gain resulting from this transaction. This applies to all stockholders that own at least 80% of a company's stocks and transfer property in exchange for more stocks.

5 0
3 years ago
Which of the five broad definitions of public opinion involves "rhetorical construction"?
Alexxandr [17]

Answer: Fiction

Explanation: According to some theorists, public opinion is a rhetorical construction. This means that it is a phantom, having no real link to "the public" as citizens. These theorists go on to claim that politicians and journalists tend to state that public opinion regarding a certain issue is concluded without any available evidence, or public's influence. However this is only one form of the definition of public opinion.

Other types of definitions include:

Public opinion is an aggregation: Journalists and politicians claim public opinion is the total of a lot of individual opinions.

Public opinion reflects the majority's beliefs: Theorists claim that public opinion is the equivalent of the values and beliefs of the majority.

Public opinion is discovered in groups clashing: Some theorists believe public opinion lies in power dynamics within a group, and how it coexists, or fails to do so, with other groups.

Public opinion reflects media: Theorists believe that public opinion is best gathered from what politicians, journalists and other influential elites believe.

6 0
3 years ago
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