Monday, June 26, 2006, agreed to sell the Spanish-language broadcaster for $12.3 billion in cash to a consortium of investors
Answer: Please see explanation for answer
Explanation:
Journal entry to record sale of bonds
Account titles Debit Credit
Cash $50,000,000
Bonds Payable $50,000,000
Answer:
D. All of the above are correct.
Explanation:
A budget is a proposed plan that outlines the financial and nonfinancial statement.
The main objective of the budget:
- To make a goal for future plans.
- To set strategies to achieve a present objective.
- To reduce the inequalities in the wealth.
The importance of the budget in business is that making a proper budget helps the owner to plan and manage the finances of the company and help to improve the profits.
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