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astra-53 [7]
3 years ago
6

On the first day of the fiscal year, a company issues a $1,000,000, 7%, 5-year bond that pays semiannual interest of $35,000 ($1

,000,000 × 7% × 1/2), receiving cash of $884,171. Journalize the entry for the issuance of the bonds. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Zigmanuir [339]3 years ago
4 0

Answer:

Debit cash: $884,171

Debit discount: $884,171

Explanation:

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2 years ago
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ikadub [295]

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D) transnational strategy.

Explanation:

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3 years ago
Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservati
Anettt [7]

Answer:

iii

Explanation:

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3 0
2 years ago
Do you believe self-regulatory practices are sufficient without governmental regulation to protect consumers? If not, what type
kaheart [24]

Self-regulatory practice is like serving Lion 50gms of meat after 10 days without any protection.It will go for a kill and Government intervention is highly required. Buying consumer goods,land and property, corporation and technology and locomotive.It is for working class, middle class , lower middle class.

Explanation:

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  • Regulators body  taking steps to curb the owners of business.
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6 0
3 years ago
Rose has a $20,000 basis in the 60% of the Parent Corporation stock that she owns. Parent Corporation owns a 70% interest in Chi
Degger [83]

Answer:

The answer is: Rose will be taxed as receiving a $15,000 dividend distribution.

Explanation:

Since Parent Corporation owns 70% of Child Corporation, for tax purposes they are considered as one single firm. Rose is the main stockholder of Parent Co. so for tax purposes she is also a stockholder in Child Co. When Child Co. gives her $15,000 in exchange for Parent Co. stock, this would be considered as a dividend distribution rather a stock sale.

7 0
3 years ago
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