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Tema [17]
2 years ago
7

The entry to record the amortization of a premium on bonds payable on an interest payment date would Group of answer choices a d

ebit to Premium on Bonds Payable and a credit to Interest Revenue a debit to Interest Expense and a credit to Premium on Bond Payable a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash a debit to Bonds Payable and a credit to Interest Expense
Business
1 answer:
Afina-wow [57]2 years ago
3 0

Answer:

a debit to interest expense and premium on bonds payable and a credit to cash

Explanation:

Based on the information given The Appropriate journal entry to record the AMORTIZATION OF A PREMIUM ON BONDS PAYABLE ON AN INTEREST PAYMENT DATE will include: a DEBIT TO INTEREST EXPENSE and PREMIUM ON BONDS PAYABLE and a CREDIT TO CASH

Debit Interest expense

Debit Premium on bonds payable

Credit cash

(To record the amortization of premium on bonds payable on an interest payment date)

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On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of
lions [1.4K]

Answer:

Explanation:

Base on the question been given to us, we can solve this using equity method as seen below

Investments in Polo = 300000+0.75*(40000-10000-5000*)

300000+0.75*(25000)

300000+18750

$318,750

Increase in value of Patent $50,000

Economic Life 10

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6 0
3 years ago
Suppose Turkey has exports of 2 billion Turkish​ Lira, while its imports are 2 billion Turkish Lira. Calculate​ Turkey's "Index
Damm [24]

Answer:

40%

Explanation:

The index of openness measures how much a country is exposed to international trade. It is calculated by this formula:

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Index of Openness= 0,4*100=40%

5 0
3 years ago
44. A barrier to entry is
Andreyy89

Answer:

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6 0
2 years ago
On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers
NeX [460]

Answer:

a) $22,010

b) $3,780

c) $25,790

Explanation:

a) In calculating the value of inventory still left, the total value needs to be calculated first,

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= 43,200 + 820

= $44,020

40 out of 80 freezers have not been sold so,

= 40/80 * 44,020

= $22,010

b) In calculating the profit, subtract the expenses from the sales

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= $28,000

= 28,000 - Cost of refrigerators - commission of 6% of sales - advertising - installation

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= $25,790

7 0
3 years ago
How do cellphone companies promote their product?​
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Answer:

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3 years ago
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