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Andrew [12]
3 years ago
8

On January 1, Year 1, Eureka Company issued $290,000 of 4-year, 5% bonds at face value. The annual cash payment for interest is

due on January 1 of each year beginning January 1, Year 2. Based on this information, what is the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1
Business
1 answer:
zhannawk [14.2K]3 years ago
5 0

Answer:

$304,500

Explanation:

Interest payable on December 31, year 1 = $290,000 * 5%

Interest payable on December 31, year 1 = $14,500

Total amount of liabilities to be reported on the Balance Sheet, year 1:

= $290,000 + $14,500

= $304,500

So, the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1 is $304,500.

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Luden [163]

Answer: (C) Relational DBMS

Explanation:

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The relational DBMS makes more easy to access the values which is more specific in the database management system.

Therefore, the relational DBMS is one of the type of logical database system that basically treats the data in the form of dimensional table

4 0
3 years ago
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Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.
coldgirl [10]

Answer:

D

Explanation:

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To find the IRR using a financial calculator:

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7 0
3 years ago
_____ are expense items that do not become part of a final product. select one:
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3 years ago
A restaurant owner in the 1950s does not feel negatively toward African Americans but refuses to serve them in his restaurant be
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Answer:

Unprejudiced discriminator.

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In the given case, a restaurant owner does not discriminatory feelings toward African American, however, due to social pressure, he is forced to discriminate as he refuses to serve them in his restaurant, which is a case of the unprejudiced discriminator.

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