Business, 05.05.2020 08:35 romeojose2005
Your company issues $50,000 of one-year, 10% bonds at face value. The journal entry to record this transaction will include a debit to:
A. Cash and a credit to Bonds Payable for $50,000
B. Cash for $55,000, a credit to Bonds Payable for $50,000, and a credit to Interest Payable for $5,000
C. Cash and a credit to Bonds Payable for $55,000
D. Cash for $50,000, a debit to Interest Expense for $5,000, and a credit to Bonds Payable for $55,000.
Answers: 2
Business, 22.06.2019 07:50
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
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In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:
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Business, 22.06.2019 20:00
If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:
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Your company issues $50,000 of one-year, 10% bonds at face value. The journal entry to record this t...
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