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3 years ago

What term is used to describe an account that a bond trustee manages for the sole purpose of redeeming bonds early?

Business

1 answer:

stellarik [79]3 years ago

3 0

Answer:

c. Sinking fund

Explanation:

The Sinking fund is the fund that is used to explain the account in the case of the trustee managers of a bond for a purpose of redeeming them early. It could be performed in a periodically that aside the money for debt payment or for the asset replacement

Therefore as per the given situation, the option c is correct

And, the same is to be considered

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IRISSAK [1]

Answer:

The correct answer is "It explicates to the client that the solution is truly personalized "

Explanation:

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3 years ago

Coolibah Holdings is expected to pay dividends of $ 1.10 every six months for the next three years. If the current price of Cool

Viktor [21]

Answer:

$25.15

Explanation:

The price the stock would be sold at the end of the three-year holding period can be computed using excel FV formula stated below:

=fv(rate,nper,pmt,-pv)

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3 years ago

On December 1, 2018, Shamrock Company received $9,600 from Destiny, Inc. for rent of an office owned by Shamrock Company. The pa

andrey2020 [161]

Answer:

b. credit to Rent Revenue of $3,200

Explanation:

Cash collected in advance results in the the creation of an asset and a liability. Hence a debit to cash account and a credit to deferred revenue. When the revenue is earned, it is recognized as a credit to revenue and a debit to deferred revenue with the amount earned.

Amount earned as at December 31

= 1/3 × $9,600

= $3,200

Entries required

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Being entries to recognize revenue earned as at December 31

4 0

3 years ago

Mama L [17]

Answer:

The correct answer to this IMPOSSIBLE question is the correct answer to this is the right one is B. I hOpE yOu EnJoY tHe ReSt Of YoUr DaY;)

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3 years ago

Read 2 more answers

The following lots of Commodity P were available for sale during the year. Use this information to answer the question. Beginnin

Simora [160]

Answer:The answer is $1,256

Explanation:

Date. Qty. Price. Value. Qty. Price. Value. Qty. Value

$ $ $ $ $

15. 63. 945. - - - 15. 945

10. 74. 740. - - - 25. 1,685

10. 77. 770. - - - 35. 2,455

Beginning inventory = 5×61 = $305

Ending inventory = 20 × 77 =$1,504

Purchase = $2,465

To calculate the cost of good sold

Beginning inventory + Purchase - Ending inventory = Cost of good sold

= 305 + 2,455 - 1,504 = 1,256

The cost of good sold =$1,256

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3 years ago