1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gogolik [260]
3 years ago
13

On Januaryâ 1, 2019, Always Corporation issues $ 2,800,000â, 5-âyear, 10â% bonds for $ 2,710,000. Interest is paid semiannually

on January 1 and July 1. Always Corporation uses the straightline method of amortization. Theâ company's fiscal year ends on December 31. The amount of discount amortized on Julyâ 1, 2019â is:
Business
1 answer:
lukranit [14]3 years ago
6 0

Answer:

$9,000

Explanation:

If a bond is issued at a lower price than the face value of the bond, then the bond is issued on the discount. This discount is amortized over the bond's life. This amortization will be expensed as Interest Expense.

Discount = Face value - Issuance price = $2,800,000 - $2,710,000 = $90,000

Bond's Life = 5 years

Amortization of discount = $90,000 / 5 = $18,000 annually = $9,000 semiannually

On July 1, 2019, only 6 moth have passed after issuance. so, the amortization will be $9,000

You might be interested in
The traditional view of american diversity emphasized the concept of assimilation, which for many groups meant?
gregori [183]

The correct answer is true.

Minority communities have been forced to adopt Anglo-American culture and give up their traditions as a result of assimilation.

<h3>In terms of cultural plurality, what is assimilation?</h3>

In anthropology and sociology, assimilation refers to the process through which people or groups with different ethnic ancestries are assimilated into the dominant culture of a community.

<h3>What does assimilating into American society entail?</h3>

Assimilation is a hotly debated idea in which immigrant groups are urged, through social and cultural practices and/or political maneuvers, to embrace the culture, values, and social behaviors of the host country in order to gain full citizenship status.

To know more about Assimilation , visit:

brainly.com/question/14313590

#SPJ4

7 0
2 years ago
During negotiations, which of the following should you do? Focus on meeting your needs. Develop a rapport and focus on the obsta
sashaice [31]

Answer:

<u>Set objectives.</u>

Explanation:

For a negotiation to be effective, it is necessary for the negotiator to follow some important steps in the process that will help him acquire skills that will add to the success of the negotiation.

The first step, therefore, is the preparation of the negotiation, which will be the development of the plan and the definition of the negotiation objectives. Defining the objectives is to know and know what and with whom you are negotiating, knowing the other party and what you want, will be essential to achieve a positive result in a negotiation.

5 0
3 years ago
Which motivation theory might explain one’s need for financial security?
Ymorist [56]
Which motivation theory might explain one’s need for financial security? I would say humanistic theory of motivation because I would consider it a basic human right to have financial security.
7 0
3 years ago
Mention any 4 criteria that a human resource manager should consider about job applicants.
enyata [817]

The correct answer to this open question is the following.

Although there are no options attached, we can comment on the following.

The criteria that a human resource manager should consider about job applicants are the following.

1.- Technical expertise in their fields.

Candidates must show they have the experience for the position they are applying for.

2.- Accountability.

Managers should prove that candidates are responsible people and own the consequences of their decisions and actions.

3.- Commitment.

Managers have to realize that candidates are willing and able to show appreciation and commitment to the company. Their work must be a priority and should be dedicated to it.

4.- Communication.

Employees should show their communications abilities and capacity to accept criticism.

6 0
3 years ago
A company receives payment from one of his customers on August 5 for service performed on July 21. Which of the following entrie
Anettt [7]

Answer:

b) cash 1000

account receivable 1000

Explanation:

Since in the question it is given that the company received payment from one of his customers on August 5 for the service performed on July 21

So under the accrual basis accounting, the journal entry is as follows

Cash Dr $1,000

     To Account receivable $1,000

(Being the payment received is recorded)

While debiting the cash and credited the account receivable

4 0
3 years ago
Other questions:
  • An individual is now 50 years old, that he plans to retire in 10 years, and that he expects to live for 25 years after he retire
    14·1 answer
  • Which of the following is correct: A. The post-closing trial balance will ensure the accounting equation is balanced at the end
    11·1 answer
  • Four ways in which the kruger national park combats rhino poaching
    10·1 answer
  • You are given the following information for Lightning Power Co. Assume the company’s tax rate is 24 percent. Debt: 19,000 6.8 pe
    14·1 answer
  • Spark Company's static budget is based on a planned activity level of 60,000 units. At the same time the static budget was prepa
    15·1 answer
  • Discuss the potential problems for a business which does not keep adequate business records. (8 marks)
    8·1 answer
  • Farah Snack Co. has earnings after taxes of $108,750. Interest expense for the year was $20,000; preferred dividends paid were $
    10·1 answer
  • A consultant predicts that there is a 25 percent chance of earning $500,000 and a 75 percent chance of earning $100,000. The exp
    5·1 answer
  • Short-term price reductions that can be used to retaliate against a competitor's actions like introducing a new product are call
    12·1 answer
  • What is responsibility accounting? why should noncontrollable costs be excluded from perfor-mance reports prepared in accordance
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!