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san4es73 [151]
3 years ago
13

3 · 32 + 8 ÷ 2 − (4 + 3) A. 30 B. 23 C. 24 D. 32

Business
1 answer:
JulsSmile [24]3 years ago
4 0

3. The answer is 24 [c]

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Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31
Doss [256]

Answer:

journal entry  based on straight line method are given below

Explanation:

given data

issues = $570,000

rate = 8.5 %

time = 4 year

issued = $508,050

market rate = 12%

to find out

prepare journal entry

solution

journal entry  based on straight line method

date                    general journal                              Debit             Credit  

June 30               bond interest expenses                $31969  

                            Discount on Bonds payable                                $7744

                             = (570000-508050 ) ÷ 8

                              Cash = 570000 × 8.5% ÷ 2                                $24225

December 31       Bond interest expense                  $31969  

                            Discount on Bonds payable                                $7744

                             = (570000-508050 ) ÷ 8

                              Cash = 570000 × 8.5% ÷ 2                                $24225

5 0
3 years ago
Which statement is true about an External ID field? Choose 2 answers.
valina [46]
A) the field must be unique since duplicates are not allowed within sales force
C) the field can be unique based on case- sensitive or case-insensitive values
6 0
3 years ago
Read 2 more answers
Suppose when you are 21 years old, you deposit $1,000 into a bank account thatpays annual compound interest, and you do not with
Fofino [41]

Answer:

The difference between the two rates is $4,428.33.

Explanation:

When the interest is compounded, it is calculated over the value of the investment at the end of the previous year. So, value at year 1 will be 1,000*(1+rate). At second, it will be 1,000*(1+rate)*(1+rate), or 1,000 * (1+rate)^2.

If we extend the analysis, at year 44, the investment will be worth 1,000*(1+r)^44.

If rate is 5 percent, the result of the deposit is 1,000*1.05^44 = 8,557.15

If rate is 6 percent, the result of the deposit is 1,000*1.06^44 = 12,985.48

The difference is 4,428.33.

8 0
3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2015, the company's board of di
victus00 [196]

Answer:

The necessary journal entry to record the declaration of the stock dividend is as followed:

31st December 2015

Dr Retained Earnings                                            200,000

Cr Common Stock Dividend Distributable          40,000

Cr Additional Paid-in capital - Common stock    160,000

( to record 20% stock dividend declaration)

Explanation:

As stock dividend is declared to be at 20%, this is a small stock dividend.

As at Dec 31st 2015, 100,00 shares is outstanding, the number of stock to be distributed under the form of dividend is: 100,000 x 20% = 20,000 stocks;

Thus:

Retain Earnings account will be decreased ( Debited) by the amount equal to Market price per stock at declaration x  the number of stock to be distributed = 10 x 20,000 = $200,000.

Common stock account will be increased ( Credited) by the amount equal to Par value per stock x the number of stock to be distributed = 2 x 20,000 = $40,000.

The differences between Debit Retained Earnings and Cr Common stock will go into Cr Additional Paid-in capital - Common stock $160,000 ( $200,00 - $40,000).

8 0
3 years ago
On December 31, the Income Summary account of Madison Company has a debit balance of $25,000 after revenue of $27,000 and expens
lesya [120]

Answer:

Dr Capital                 $25,000

Cr Income summary               $25,000

Being loss recorded in the year written off to capital account

Dr Capital                 $2,800

Cr Drawings                           $2,800

Being drawings for the year

The new balance in the capital account is $18,200

Explanation:

The journal entries required to close the accounts a credit of $25,000 in the income summary and a corresponding debit to capital account since the loss made must be reflected in owner's equity.

Also,the drawings amount in the year should now be credited to drawings account and debited to capital account to reflect the withdrawal in owner's equity as well.

The new balance in the capital account is as follows:

Opening capital balance             $46,000

Loss recorded                              ($25,000)

drawings                                        ($2,800)

Closing capital                               $18,200

6 0
3 years ago
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