Answer:
c. discounted drinks
Explanation:
honestly i don't know why it would enhance your products when the rest is much more favorable.
Answer:
Entries are given below
Explanation:
The entry that should be made on January 1 would be
Cash 501,600(w1) Debit
Premium on bonds 61600(w2) Credit
Bonds payable 440000 Credit
<u>Working 1 </u>
Cash proceeds = $440,000/100 x $114
Cash proceeds = $501600
<u>Working 2 </u>
Premium = selling price of bond - Face value of the bond
Premium = $501,600 - $440,000
Premium = 61600
Answer:
Explanation:
Long-term Investment cost = $25
Long-term Investment sales value = $54
Gain from Long-term Investment = $(54-25) = $29
Land cost = $53
Land sales value = $28
Loss from sale of Land = $(28-53) = -$25
Cash Dividend paid = $22
Total change in Assets = $(29-25) = $4
Total change in Equity = -$22