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Ksivusya [100]
3 years ago
6

On January 1, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $2,900,000. The bonds pay interest semiannua

lly. The market rate of interest is 10.0% and the bond selling price was $2,702,942. The bond issuance should be recorded as:____________
a) Debit Cash $2,900,000; credit Bonds Payable $2,900,000.
b) Debit Cash $2,702,942; credit Bonds Payable $2,702,942.
c) Debit Cash $2,900,000; credit Bonds Payable $2,702,942; credit Discount on Bonds Payable $197,058.
d) Debit Cash $2,702,942; debit Discount on Bonds Payable $197,058; credit Bonds Payable $2,900,000.
e) Debit Cash $2,702,942; debit Interest Expense $197,058; credit Bonds Payable $2,900,000.
Business
1 answer:
RUDIKE [14]3 years ago
3 0

Answer:

d)

Dr Cash 2,702,942

Dr Discount on bonds payable 197,058

    Cr Bonds payable 2,900,000

Explanation:

The bonds payable represents the face value of the bonds. On the other side, you have to register the cash that was received, and the difference is the discount on bonds payable. if the bonds are sold at a premium, then the amount of cash would be higher, and the difference between the cash and the bonds payable would equal premium on bonds.

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Yesterday, Berryman Investments was selling for $145 per share. Today, the company completed a 7-for-2 stock split. If the total
azamat

Answer: $41.4

Explanation:

From the question, we are informed that yesterday, Berryman Investments was selling for $145 per share and.that today, the company completed a 7-for-2 stock split.

If the total market value was unchanged by the split, the price of the stock today will be:

= $145 ÷ 7/2

= $145 × 2/7

= $145 × 0.2857

= $41.4

4 0
3 years ago
When Gino is credited with being a manager who understands his employees and himself, and who works well with all the members of
ExtremeBDS [4]

Answer:

human skill

Explanation:

Human skill is a combination of the talent, knowledge, skills, abilities of an individual that give some productive output to the business organization

Since in the question it is mentioned that Gino is credited for a manager as he understand his employees and work well with the team members

So this represents the human skill as it also judge the behavior of a person whether he or she behaving ethical or not

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The "bail-out" money that went to giant financial institutions like citibank and goldman sachs, along with general motors and ch
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The bail-out money that exited to giant financial organizations like citibank and goldman sachs beside with general motors and Chrysler came from the troubled assets relief program. The troubled assets relief program is a program of the united states government to buy toxic assets and equity from financial organizations to reinforce its monetary sector that was employed into law by president george w. bush on october 3, 2008.
5 0
3 years ago
Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million. The investment will result
Tems11 [23]

Answer:

The payback period for this project is 2.43 years.

Explanation:

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million.

The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years.

The payback period is the time it takes to cover the investment to be covered by returns.

The investment cost remaining in the first year

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The third year payback

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Answer:

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A perfectly inelastic good is a good whose demand does not respond to price changes. In this case, even if the ticke prices were lowered, demand stayed the same because revenue stayed the same.

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7 0
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