Keenan Company has had bonds payable of $20,000 outstanding for several years. On January 1, 2018, there was an unamortized premium of $2,000 with a remaining life of 10 years, Keenan's parent, Ross, Inc., purchased the bonds in the open market for $19,000. Keenan is a 90% owned subsidiary of Ross. The bonds pay 8% interest annually on December 31. The companies use the straight-line method to amortize interest revenue and expense. Compute the consolidated gain or loss on a consolidated income statement for 2018.
Answers: 1
Business, 22.06.2019 21:30
Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.
Answers: 1
Business, 23.06.2019 02:40
German brothels recently began offering a monthly subscription service for multiple purchasers. if you thought that the brothels' encouragement of prostitution was immoral to begin with, would you consider this pricing plan to be even more immoral? suppose a particular patron at a german brothel has the following willingness-to-pay schedule for services at the brothel, per session. session willingness to pay 1st $84 2nd $72 3rd $60 4th $48 5th $36 6th $24 suppose this consumer would not demand any more sessions, even for free. also assume that the marginal cost to the brothel, per session, is constant at $12. at a price of $78.00 per session, the number of sessions demanded by this consumer would be . at this price and quantity, consumer surplus is $ and producer surplus is $ . suppose the brothel has devised a new pricing scheme for consumers who demand more than 1 session. this pricing scheme is a subscription service, whereby consumers can pay a flat fee of $259.20 and can have up to 6 sessions total. using this subscription pricing model, this consumer would demand sessions. under this scenario, consumer surplus is $ and producer surplus is $ . (hint: for consumer surplus, consider how much total value the consumer places on all sessions, versus the total price paid.)
Answers: 3
Business, 23.06.2019 10:00
At the beginning of each month, desmond receives a written statement from his bank containing all the transactions processed on his checking account for the previous month desmond compares his check register to this bank statement. this comparison is known as your account. a. confirming b. reconciling c. comparing d. finalizing
Answers: 1
Keenan Company has had bonds payable of $20,000 outstanding for several years. On January 1, 2018, t...
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Physics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Physics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01
Mathematics, 15.09.2020 22:01