Answer:
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
Explanation:
The journal entry for the sale of the bond is shown below:
Cash Dr $20,000
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
(Being the sale of the bond is recorded)
For recording this we debited the cash as it increased the assets and credited the investment and gain on sale of investment so that the proper posting could be done
Answer:
- Digby will issue stock totaling $1,023,000
- Long term debt will increase from $33,575,852 to $34,598,852
Explanation:
50,000 shares were issued at $20.46.
This means the total raised from stock sales were:
= 50,000 * 20.46
= $1,023,000
Long term debt will increase by:
= Debt + New issue
= 33,575,852 + 1,023,000
= $34,598,852
<em>Note: The options listed are most probably for a variant of this question. Also, Stock issues are considered equity but for the sake of this question are considered Long term debt. </em>
False. They may look the same but they work differently. Credit cards are issued by banks and lenders. Debit cards uses money from your own bank account to pay for purchases. Credit cards pay for purchases using money from the lender's account.
If the government should impose the per unit tax, the parts that would be affected are the average variable cost and the average cost
<h3>What is the per Unit tax?</h3>
This is the tax that is imposed per unit or on each unit of a good that has being sold or a service that has been rendered.
This is the type of tax that would affect the average variable cost and the average cost.
This type of tax is one that is proportional to the unit of the good sold. This is in terms of the quantity sold and not the price that was used to sell the good.
Read more on tax here:
brainly.com/question/25783927
#SPJ1
Answer:
Correct option is d)
Explanation:
Assuming all other things same as that of last year, with purchase of new asset, depreciation expense will increase, with that net income from operations will decrease, in cash flow statement when such depreciation will be added back then the net income from operations will decrease accordingly, therefore, there will be no impact of increase in depreciation on cash flow from operations.
Further such purchase of new asset will increase the balance of fixed assets in balance sheet and therefore, will only impact on balance sheet.
Thus correct option is d)