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3 years ago

Select the correct answer

Business

2 answers:

Fittoniya [83]3 years ago

6 0

Answer:

earned income is received through rent

arlik [135]3 years ago

5 0

It is B. passive income

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A(n) _______ is an arrangement in which a third party promises to be secondarily liable for the payment of another's debt.

Gre4nikov [31]

A. guaranty arrangement
The third party is providing a guarantee that the lender will recover the debt regardless of the borrower's reputation to pay.

3 0

3 years ago

On January 1, 2021, Hoosier Company purchased $940,000 of 10% bonds at face value. The bond market value was $985,000 on Decembe

qaws [65]

Answer:

Dr Bonds 940,000

Cr Cash 940,000

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & losses 45,000

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & Losses 45,000

Dr Investment in bonds 985,000

Cr Discount on bond investment 45,000

Cr Cash 940,000

Explanation:

Hoosier Company Journal entries

Dr Bonds 940,000

Cr Cash 940,000

Dr Fair Value adjustment 45,000

($985,000-$940,000)

Cr Net Unrealized holding gains & losses 45,000

Dr Fair Value adjustment 45,000

Cr Net Unrealized holding gains & Losses 45,000

Dr Investment in bonds 985,000

Cr Discount on bond investment 45,000

Cr Cash 940,000

8 0

3 years ago

Sold merchandise on credit to Rondo Distributors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merc

Iteru [2.4K]

Answer:

See the explanation.

Explanation:

Account receivable Rondo Distributors debit $1,200

Sales revenue credit $1,200

Note: To record the merchandise sales on account. As the company used the periodic inventory system, we do not need to give the cost of goods sold journals.

Purchase debit 10,000

Accounts payable credit 10,000

Note: To record the purchase on account.

Delivery expense debit $525

Cash credit $525

Note: To record the payment of the delivery expense.

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4 years ago

Fogel Co. has $4,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value co

Wewaii [24]

The total unamortized bond premium at the date of conversion was $280,000. Fogel should record, as a result of this conversion, a <span>credit of $217,600 to Paid-in Capital in Excess of Par. Thee answer is A.

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3 0

3 years ago

1. Do you think the day will come when people no longer use cash? Why, or why not?

RSB [31]

I think now I’m present day that money is now being transferred online and email services I think cash for no longer be used in the future because the rise of technology and how everyone is now getting so used to it and depending on tech

It would be positive it would be more clear to people and for the younger generation to learn about but for the older generation it would be much harder and would be a negative affect on them since they didn’t use technology in their days and a lot of people are still used to cash

5 0

3 years ago