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atroni [7]
3 years ago
5

On April 30, 2019, Aggie Corporation purchased Smith Corporation 10%, 5-year bonds with a face value of $12,000 at par plus four

months of accrued interest. Assume that on June 30, Aggie received interest on the Smith Corporation bonds. Required: Prepare the June 30 journal entries to record the receipt
Business
1 answer:
DochEvi [55]3 years ago
8 0

Answer:

Date                    Account Title                                          Debit           Credit

April 30,2019      Held to Maturity investment             $12,000

                            Interest receivable                              $400

                            Cash                                                                           $12,400

<u>Interest receivable:</u>

4 months of accrued interest:

= 12,000 * 4/12 * 10%

= $400

Date                    Account Title                                          Debit              Credit

June 30,2019      Cash                                                      $600

                           Interest receivable                                                         $400

                           Interest revenue                                                             $200

<u>Interest revenue</u>

2 months have passed:

= 12,000 * 2/12 * 10%

= $200

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ladessa [460]

Answer:

A. Hand packer

Explanation:

Bachelors degree refers to an academic degree (certificate) awarded to a student by a tertiary institution (university or college) after the completion of his or her educational programme.

Additionally, a certification can be defined as a recognition given for completing a course of study or passing an examination. This is to certify that the individual is a professional in that course of study. Some examples are CCNA, Comptia A+, HSE I and II.

A hand packer refers to an individual (employee) who is saddled with the responsibility of packing and/or packaging varieties of finished goods (products) in an assembly line.

Basically, hand pickers are employed to pick and package finished goods into their respective containers so as to get them ready for distribution to the consumers.

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7 0
3 years ago
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ArbitrLikvidat [17]

Answer:

14 /5

Explanation:

A win/loss ratio is an expression of won opportunities to lost chances. In this case, won games against lost matches.

The formula for win/loss ratio is as below

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In this case, a total of 14 games won and five games lost

i.e., 14 games won, five lost

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Which one of the following statements about the scarcity problem is correct? A. The scarcity problem persists because economic w
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Simplify the expression 2\5(5k+35)8
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Diz Co. is a U.S.-based MNC with net cash inflows of euros and net cash inflows of Swiss francs. These two currencies are highly
VikaD [51]

Answer:

Yanta Co. has a higher exposure to exchange rate risk than Diz Co.

The reason is that Yanta Co. does not have net inflows of euros.  Instead, its euro transactions yield net outflows.

It will always be in need of euros to settle its foreign debts or obligations, unlike Diz Co. with foreign assets.

Explanation:

a) Data and Analysis:

Diz Co. has net cash inflows of euros and net cash inflows of swiss francs

Yanta Co. has net cash outflows of euros and net cash inflows of swiss francs

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