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Firlakuza [10]
3 years ago
9

Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying valu

e of the bonds at the redemption date is $471,250. The entry to record the redemption will include a a. credit of $28,750 to Loss on Bond Redemption. b. credit of $28,750 to Discount on Bonds Payable. c. debit of $38,750 to Gain on Bond Redemption. d. debit of $10,000 to Premium on Bonds Payable.
Business
1 answer:
irga5000 [103]3 years ago
6 0

Answer: B. credit of $28,750 to Discount on Bonds Payable

Explanation:

From the question, we are informed that the face value of the bond is $500,000 while the bond's carrying value is $471,250. The bonds were issued at a discount since the carrying value is less than the face value of the bond.

At the time that the bonds was retired, the unarmotized discount on bond payable will be:

= $500,000 - $471,250

= $28,750

Therefore, the entry to record the redemption will include a credit of $28,750 to Discount on Bonds Payable.

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Resource management for most service-providing organizations generally requires as many intermediate levels of planning as it do
devlian [24]

Answer:

FALSE

Explanation:

The resource management refers to how efficient and effective are used the organization's resources.

We must understand for resources the following:

  • financing
  • finished goods
  • raw materials
  • human resources
  • information and technology
  • natural resources

As a service-providing organization do not employs a manufacturing process theyr levels of planning are lower in a service-providing organization

5 0
3 years ago
Gas is sold for 1.399 per liter in san diego, ca. your car needs 12.00 gallons. how much will your credit card be charged in dol
vovikov84 [41]

The answer is C: $63.54. The credit card will be charged $63.54 in Canadian dollars for 12.00 gallons of gas.

Solution:

Gas is sold per liter in Toronto, Canada for = $1.399

Car needs = 12.00 gallons

12 galloons = 45.4249 liters

Therefore, 45.4249 liters of gas = 45.4249 * 1. 399

                                                      = 63.54

Thus, The credit card will be charged $63. 54 for 12.00 gallons of gas.

The official currency of Canada is the Canadian dollar (sign: $; code: CAD; French: dollar canadien). There is no standard disambiguating form; nevertheless, prominent style guides frequently recommend the abbreviation Can$ to distinguish it from other dollar-denominated currencies. It is abbreviated with the dollar sign $. There are 100 pennies in it.

Gas is sold for $1.399 per liter in Toronto, Canada. Your car needs 12.00 gallons. How much will

your credit card be charged in Canadian dollars?

A) $67.15

B) $16.79

C) $63.54

D) $4.44

Learn more about Canadian dollars here:

brainly.com/question/18246498

#SPJ4

3 0
2 years ago
Enumerate 5 ways to handle cash in accounting
V125BC [204]

Explanation:

make a list of items in top priority

enumerate the most important

5 0
3 years ago
You are a beginning investor with only $5,000 in savings. How can you achieve a widely diversified portfolio at reasonable cost
Simora [160]
Buy shares in a mutual fund. Mutual funds pool savings from many individual investors and then
invest in a diversified portfolio of securities. Each individual investor then owns a proportionate
share of the mutual fund's portfolio.
4 0
3 years ago
Sophia is an undergraduate intern at her Senator's office in Washington, DC. She loves her job, as it
Softa [21]

Sophia should advise her senator to consider all aspects of patents and the economic impact on producers and consumers, to benefit everyone equally.

According to the information found by Sophia, the senator must take into account the most important information for the meeting with representatives of the pharmaceutical industry. For example, she must take into account that currently pharmaceutical companies already have a long reservation of their patents of maximum of 25 years in which they recover the money invested and earn billions of dollars.

However, this is not enough because pharmaceutical companies also lose about 1.3 billion on some drugs. After all, only 2 out of 10 drugs put on the market are profitable.

According to the foregoing, it would be fair for pharmaceutical companies to extend the term of exclusivity of patents because this time would bring them greater profits that would balance the great possibilities of loss that they have with other research and with drugs that go on the market.

Learn more about patent in: brainly.com/question/13896945

7 0
3 years ago
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