Business
Business, 05.05.2020 16:30, Ben2752

On January 1, ABC, Inc., issued $100,000 of 10%, 5-year bonds, for $92,280. Interest is due semiannually. When ABC records the first interest payment, which will be greater the debit to Interest Expense or the credit to Cash?

A. The debit to Interest Expense will be greater because the market rate is greater than the stated interest rate.

B. The debit to Interest Expense will be less because the market rate is greater than the stated interest rate.

C. The debit to Interest Expense will be greater because the market rate is less than the stated interest rate.

D. The debit to Interest Expense will be lower because the market rate is less than the stated interest rate.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 17:40, jjackson0010
Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.
Answers: 3
image
Business, 21.06.2019 21:00, kirathadoll
Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles
Answers: 2
image
Business, 22.06.2019 13:40, nina1390
Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.
Answers: 1
image
Business, 22.06.2019 14:50, arod20061
One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:
Answers: 2
Do you know the correct answer?
On January 1, ABC, Inc., issued $100,000 of 10%, 5-year bonds, for $92,280. Interest is due semiannu...

Questions in other subjects:

Konu
Chemistry, 10.11.2020 08:20