Answer:
the options are missing, so I looked for them:
- The same as the carrying amount at January 1, 2017.
- Higher than the carrying amount at December 31, 2017.
- The same as the carrying amount at December 31, 2017
- Lower than the carrying amount at December 31, 2017.
The correct option is 2. Higher than the carrying amount at December 31, 2017.
Explanation:
When a company issues a bond at a discount the journal entry should be:
Dr Cash
Cr Bonds payable
Cr Discount on bonds payable
As time goes on, the discount on bonds payable is amortized increasing total interest expense, but also increasing the bonds carrying value.
Answer:
$112,500
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
Depreciation expense in year 1 = 2/4 x $450,000 = $225,000
Book value at the beginning of year 2 = $450,000 - $225,000 = $225,000
Depreciation expense in year 2 = 2/4 x $225,000 = $112,500
Answer:
No, Hines is not guilty of unlawful price descrimination
Explanation:
Hines actions has not meet the criteria for price discrimination which include giving different prices based on gender, race or religion and never prevented the resale of product and the product package for sale never indicated the inclusion of free demonstrator and free advertising material.
<span>A closed system can allow transfer of energy into and out of the system without allowing matter to transfer as well. An example of such a closed system is the Earth itself, which transfers massive amounts of energy into and out of the atmosphere while transferring almost no matter.</span>
Answer:
a. 6.4 and 57 days
Explanation:
The computation of the accounts receivable turnover and the average collection period in days is shown below;
The account receivable turnover is
= $800,000 ÷ ($100,000 + $150,000) ÷ 2
= 6.4 times
And, the average collection period is
= 365 days ÷ 6.4 times
= 57 days
Therefore the a option is correct