Stuck on the same question please tell me when you find the answer!
Solution:
1.Cash a/c Dr $50,000
To common stock $32000 (8000*4)
To paid in capital in excess of par-common stock $18,000
2.Cash a/c Dr $50,000
To common stock $50,000
3.Cash a/c Dr $50,000
To common stock $16000(8000*2)
To paid in capital in excess of stated value-common stock $34,000
Answer: A. Allen is in violation of the Standard relating to record retention.
Explanation:
The option that's most likely true is that Allen is in violation of the Standard relating to record retention.
It should be noted that records retention has to do with the safeguarding of important records in the organization.
Since he reconstructed a few research reports on companies that he covered during his former employment after starting his own research, he violated the standard relating to record retention
Answer:
b. Purchasing power parity
Explanation:
The purchasing power parity theory is based on a world price for equivalent goods. This means that a good in the United States will cost the same as a good in Canada. Since the price of the good is $US 100 in the United States, then the same good should cost the equivalent of in Canadian dollars.
Answer:
attached table
Explanation:
We use goal seek of excel to determinate the market rate:
Which is the rate that discounting the coupon payment and maturity matches the 5,421,236 we receive for the bond:
C 200,000.000
time 10
rate 0.<em>030117724</em>
PV $1,705,016.0533
Maturity 5,000,000.00
time 10.00
rate <em>0.030117724</em>
PV 3,716,219.95
PV c $1,705,016.0533
PV m $3,716,219.9467
Total $5,421,236.0000
Now, we determiante the schedule by doing as follow:
carrying value x market rate = interest expense
cash outlay per period: face value x coupon rate
the amortization will be the difference
after each payment we adjust the carrying value by subtracting the amortization
