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Cerrena [4.2K]
3 years ago
14

Carr Corporation retires its $100,000 face value bonds at 105 on January 1, following the payment of interest. The carrying valu

e of the bonds at the redemption date is $103,745. The entry to record the redemption will include a Group of answer choices
Business
1 answer:
Brrunno [24]3 years ago
4 0

Answer: A. debit of $3,745 to Premium on Bonds Payable.

Explanation:

The carrying value of the bonds at redemption date is $103,745.

The bonds retired however, had a face value of $100,000.

The company therefore paid a premium on these bonds which is:

= 103,745 - 100,000

= $3,745

This amount will be debited to the Premium on Bonds Payable account.

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Answer:

Charity fund should be handled with care as it is donor's money which should be handled with care. The amount of charity should be spent for the actual cause.

Explanation:

Charity fund is the money which should be handled with great care. The major fund of the charity should be attribute to the main cause and there should be proper record maintenance for every penny spent. The charity fund is the responsibility of the management and any donor can ask anytime about the money spent.

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7 0
2 years ago
You are the manager of a gas station in a small town, and your goal is to maximize profits. Based on your experience, the elasti
Levart [38]

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<span>(See attached for the calculations.)</span>

Download docx
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3 years ago
Take all my PONTS!!!!!! PLEASE I NEED HELP FAST. Just look The picture.​
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Software comprises the entire set of programs, procedures, and routines associated with the operation of a computer system. The term was coined to differentiate these instructions from hardware—i.e., the physical components of a computer system.

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3 years ago
-Why does the money in a savings account grow?
OleMash [197]

Answer:

The correct answer is letter "A": It earns interest, plus it earns interest on the interest.

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