Answer: $455,000
Explanation:
As the question states what will be the pledges receivable for 20x8 therefore, we will calculate all the pledges:
$35,000 + $20,000 + $400,000 = $455,000
Hence, the answer is $455,000 as we take into account all the pledges for the year 20x8.
The balance in Discount on Bonds Payable that is applicable to bonds due in three years would be reported on the balance sheet in the section entitled of Long-term liabilities.
What is Long-term liabilities?
Long-term liabilities can be regarded as loans aa well as other financial obligations that the repayment schedule would be expected to last over a year.
Some of the examples long-term liabilities are;
- deferred revenues
- post-retirement healthcare liabilities.
- bonds payable
- long-term loans
- pension liabilities
It should be noted that balance in Discount on Bonds Payable that has a due time of three years would be reported at Long-term liabilities section.
Learn more about Long-term liabilities at:brainly.com/question/25596583
Answer:
$180,000
Explanation:
Given that
Current E & P = $240,000
Distribution to Larry = $450,000
The computation of current E & P is allocated to Larry's distribution is shown below:-
Current E & P is allocated to Larry's distribution = (Current E & P × Distribution to Larry) ÷ Total distribution
= ($240,000 × $450,000) ÷ $600,000
= $108,000,000 ÷ $600,000
= $180,000
Answer:
1.Each week, Katja leaves 100 company checks in an unmarked envelope on a shelf behind the cash register.
physical controls
2.The store manager personally approves all payments before signing and issuing checks.
segregation of duties
3.The company checks are unnumbered.
documentation procedures
4.After payment, bills are “filed” in a paid invoice folder.
documentation procedures
5.The company accountant prepares the bank reconciliation and reports any discrepancies to the owner.
independent internal verification
Explanation:
1.Each week, Katja leaves 100 company checks in an unmarked envelope on a shelf behind the cash register.
physical controls
2.The store manager personally approves all payments before signing and issuing checks.
segregation of duties
3.The company checks are unnumbered.
documentation procedures
4.After payment, bills are “filed” in a paid invoice folder.
documentation procedures
5.The company accountant prepares the bank reconciliation and reports any discrepancies to the owner.
independent internal verification
