Answer:
d. account This answer is correct
Explanation:
There are various types of accounts that are reported in the financial statements. The financial statement comprises of the income statement, balance sheet, statement of stockholder equity and the cash flow statement.
The recording of the increase in the specific asset, liability, revenue, expense, etc is called as an account
Just in net income, the revenue and expense account is reported. The asset, liability, stockholder equity which is reported in the balance sheet. The change in the values of the item is reported in the respective amount
Answer:
$4,775,565.49
Explanation:
The computation of the selling price of the bond is shown below:
Particulars Amount PV factor 6% Present value
Semi-annual interest $216,209 19.60044 $4,237,791.53
Principal $3,088,700 0.174110131 $537,773.96
Total $4,775,565.49
Working notes
Semi-annual interest $216,209 = $3,088,700 × 14% × 6 ÷ 12
PV factor 3%:
Semi-annual interest 13.76483115 = {(1 - (1.06)^-30) ÷ 0.06
}
Principal 0.174110131 = {1 ÷ 1.03^30}
Answer:
Duress/Coercion/Compulsion
Explanation:
Duress or Coercion or Compulsion: This type of defense involves someone else threatening to use force or violence to get you to do something against your better judgment. Essentially, it means you were forced to commit a crime. In this case, Reuben want to entangle the elderly lady into the crime of bank heist by threatening to shoot her husband.
For a defense of Duress/Coercion/Compulsion: the person must be forced to commit the offence. The person under duress (illegal coercion usually through being threatened or the use of violence) must be present when the offence is committed. The person must believe that the threat will be carried out.
Answer:
$235,000
Explanation:
Under the accrual accounting system, expenses are recognized in the period incurred and not necessarily in the period cash is paid.
Revenue is also recognized in the period earned and not necessarily when cash is collected.
Total revenue in 2018 = $200,000 + $150,000
= $350,000
Net income is the difference between the revenue and expense
Net income in 2018 = $350,000 - $115,000
= $235,000
