<span>consumer to share liability with a company.</span>
Answer:
A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet
Explanation:
The discount on Bonds payable, as their name implies, decrease the Bonds Payable carrying value. A bond with discounts, was issued at a lower price than his face value. The discount on bonds represent that difference.
It takes amortization while the time past, until at maturity, their balance is zero, to represent the reality, the obligation for the company is for the face value, so the carrying value of bonds payable should equal the face value.
Last, because the bonds are due in ten-year their place is the long-term liabilities. As their obligation are not within the 12 month period to qualify as short-term
Answer:
Pre-tax book income $265,000
Less depreciation additional charge $14,500
Taxable income $250,500
Tax liability at 30% = $75,150
A. Wages is the general term for the payments for the use of resources
