Answer:
Exception reports
Explanation:
An exception report is a document that shows where actual performance deviated significantly from what was expected, usually in a negative direction. It shows what is abnormal. The exception report then focuses the attention of the management on those areas that would be needing immediate intervention.
No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.
We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.
There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.
Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
Learn more about bonds at brainly.com/question/25965295
#SPJ4
The judicial branch can over rule or deem a law or veto, unconstitutional.
Answer:
The journal entry to write off an uncollectible account receivable decreases operating income.
Explanation:
Accounts receivable is the amount that debtors owe a business and is collectible at a particular time in the future. If however the debtor is unable to make payment, the amount owed is written of.
The journal entry to record the write-off involves a debit to accounts recievable and reduces allowance for uncollectible account balances.
This does not affect the operating income of the business.
Answer:
Nono of the answer is correct.
Explanation:
Giving the following information:
Standard Cost: 2,400 pints at $ 3.50/pint $8,400
Actual: 2,600 pints at $ 6.00/pint $15,600
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (3.5 - 6)*2,600= 6,500 unfavorable