Answer:
The answer is "Option b".
Explanation:
The Loanable funds are the amount of all the assets that individuals and companies have agreed to save and lend to creditors instead of for personal use, as an investment.
The earnings are also the foundation for supplying loanable funds. That request for credit funds is focused on lending. This relationship among saving provision and loan request decides its real rate as well as the sum of loans.
Answer: a. $39,304
Explanation:
Let us begin by calculating the yearly phone bill.
$63 per month so that is
= 63*12
= $756
A total of $756 per year is spent on the company phone.
Kailynn buys 4 sample kits at $235 per kit.
= 235*4
= $940 in total for the kits last year.
Add the two figures to get her total expenditure from the company.
=940+756
= $1696
Subtract this from her total job benefits,
=$41,000 - $1696
= $39,304
$39,304 was her total employment compensation.
Complete Question:
Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at
Group of answer choices
A. Historical cost.
B. Fair value less costs of disposal.
C. Fair value.
D. The lower of cost and net realizable value.
Answer:
C. Fair value.
Explanation:
Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.
The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.
Answer and Explanation:
The journal entry to record the issuance of the bond is as follows:
Cash Dr (5,000 × 103) $515,000
Discount on bond payable Dr $4,485,000
To Bond payable (5,000 × $1,000) $5,000,000
(Being the issuance of the bond is recorded)
Here cash and discount on bond payable is debited and credited the bond payable
