Business, 29.07.2019 21:10 Diamondelysr
Lance brothers enterprises acquired $695,000 of 3% bonds, dated july 1, on july 1, 2018, as a long-term investment. management has the positive intent and ability to hold the bonds until maturity. the market interest rate (yield) was 4% for bonds of similar risk and maturity. lance brothers paid $615,000 for the investment in bonds and will receive interest semiannually on june 30 and december 31. prepare the journal entries (a) to record lance brothers’ investment in the bonds on july 1, 2018, and (b) to record interest on december 31, 2018, at the effective (market) rate
Answers: 3
Business, 21.06.2019 17:10
Acompany's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. an examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,500; merchandise inventory increased $22,200; and accounts payable increased $5,500. calculate the net cash provided or used by operating activities. $209,500 $139,000 $176,100 $186,500 $142,100
Answers: 2
Business, 21.06.2019 19:30
Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.
Answers: 3
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
Lance brothers enterprises acquired $695,000 of 3% bonds, dated july 1, on july 1, 2018, as a long-t...
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