Answer: A. Employees are not easily the replaced parts of a system, but they are the source of a company’s success or failure.
Answer:
$50? ($150 is not the correct answer)
Explanation:
Answer: Statue of limitations is the correct answer
Answer:
D) Debit income summary 187000, credit revenues 187000
Explanation:
When dividend is declared, following journal entry is passed
Retained Earnings Dr.
To Dividend Payable
(Being declared dividend recorded)
When dividends are actually paid, the journal entry is
Dividend Payable A/C Dr.
To Cash A/C
(Being dividend paid recorded)
Income summary account is prepared as a temporary account while income statement represents permanent account.
Income summary shows net income balance i.e Revenue less expenses.
As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.
Answer:
a) Yield to maturity = 8.14%
b) The value of the bonds = $917.99
c) Since market value of bond is higher than book value of bond. So investor should not purchase the bond.