Answer:
The amount credited to common stock upon conversion of the bonds is $101000
Explanation:
When the bond was issued there would been a debit of $102000($100000*$102/$100) to cash account and credit of $102000 to liabilities split into $100000 bonds payable and $2000 bond premium.
However, on conversion to common stock with premium of $1000 outstanding in the books,the amount to be credited into common stock account is the issue value less outstanding premium.
The amount credited to common stock=$102000-$1000=$101000
This can be shown with entries below:
Dr Bond payable $100000
Dr Bond premium $1000
Cr Common stock $101000
Hi there!
The answer is A) A lack of labor mobility as people choose to remain in their hometown.
Unemployment is a complex issue, here are the reasons why the other options increase unemployment:
-Reduction in Union bargaining activities would increase unemployment because employers wouldn't have as many restrictions to reduce their workforce.
-Reduction in economic activity due to a recession would increase unemployment as the demand for products, and for workers too, will decrease.
-The existence of efficiency wages causes unemployment because the demand for labor will decrease, as employees get more and more efficient.
<span>A lack of labor mobility as people choose to remain in their hometown will not contribute to a higher level of unemployment. Instead, labor mobility can increase unemployment because there would be an oversupply of labor in a specific region. </span>
Answer: A. legal but not ethical
Explanation: Introducing mortgage plans to consumers in other to cater for their needs by a mortgage-loan officer is not a legal crime which will be penalized by the law. However, it is an ethical obligation on the path of the mortgage-loan officer to explain the modalities attached to a certain mortgage plan to consumers, both the advantages and the demerits. In the options ARM mortgage plan, it affords consumers to pay below the interest rate on the mortgage, this short paid interest are later added to the principal and the rates increases. This may cause a lot more harm than good to consumers who do not have detailed knowledge of this particular loan process.
Answer:
Net cash used in operating activities = $20,900
Explanation:
There is a prescribed treatment of increase in current assets and current liabilities, if there is any increase in current assets such increase is deducted from operating cash flow,
and any decrease in current liabilities is added as a step to calculate cash flow from operating activities.
Therefore with this we have
Net Operating cash Flow
Less: Increase in current assets = ($22,000)
Add: Decrease in Current Liabilities = $1,100
Net cash used in operating activities = $20,900
Answer:
Comparability of Financial Statements in different jurisdictions
Explanation:
The reason is that if the IFRC is successful in achieving this then it will help the investor to make more informed decisions and gain maximum out of the investment and all this is only possible by enhanced comparability of the financial statements in different jurisdictions.
