2. debit to Investments—Tetter Company Bonds for $52,000
3. debit to Investments—Tetter Company Bonds for $50,000
Answer:
Option (3) is correct.
Explanation:
Given that,
cost of purchasing Tetter Company's 12% bonds = $50,000
Accrued interest expense = $2,000
The journal entry is as follows:
On April 1,
Investments in debt securities - Tetter Company bonds A/c Dr. $50,000
Interest receivable A/c Dr. $2,000
To Cash $52,000
(To record the purchase of the bonds)
Answer:
When demand for the product is highly elastic and the supply is relatively inelastic.
Explanation:
Subsidy is an amount of money given to companies by the government to boost production. It is an intervention by the government when economic situation in the free market is unfavourable.
When firms recieve money to boost production their cost of production is reduced.
If demand is highly elastic a small change in price will result in large change in quantity demanded. Companies will sell more goods at a reduced cost.
Of the supply is relatively inelastic there will be a degree of scarcity of the good so prices will go up, and the company willake more money.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answer:
The answer is D. Income statement
Explanation:
Answer:
D. income statement
Explanation:
i took the test
Answer:
A) $94, 244
Explanation:
The agreement required 8 installment payment of $20,000 each, the first one was due on the same day the agreement was made (December 30). The December 31 balance account of the note payable equals the present value of the 7 remaining payments:
the present value factor of an ordinary annuity for 7 years ans 11% interest rate = 4.712
so the present value of the note payable = $20,000 x 4.7122 = $94,244
Typography
Font
Alignment
Answer:
Text
Explanation:
In the Text box tools format tab, the text group contains the command to create a drop cap. A drop cap is large capital letter mostly used to decorate a document at the start of a section of the document. A drop cap is usually large as it can take up to 2 or more lines.
To insert a drop cap, choose the area to be changed in the section, opent the text box tools format tab and click drop cap.
Cheers.