![Business](/tpl/images/cats/ekonomika.png)
On January 1, Year 1, Liang Corporation issues a $100,000 bond at a discount for $95,083. The coupon rate is 10% and the market interest rate is 12%. The bonds pay interest semiannually on June 30 and December 31. The journal entry to record the interest payment on June 30, Year 1 will include which of the following entries?
(1)Debit interest expense $5,705
(2)Credit discount on bonds payable $750(Interest expense ($95,083*6%)-Cash interest paid ($100,000*5%) = Discount 705)
![answer](/tpl/images/cats/otvet.png)
Answers: 3
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 19:50, elijahbebeastin
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 00:30, juicyx39
Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 15:30, TerronRice
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 17:30, monicagalarza
If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots
Answers: 1
Do you know the correct answer?
On January 1, Year 1, Liang Corporation issues a $100,000 bond at a discount for $95,083. The coupon...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 16.03.2020 19:21
![Konu](/tpl/images/cats/mat.png)
Mathematics, 16.03.2020 19:21
![Konu](/tpl/images/cats/health.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 16.03.2020 19:21
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/himiya.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/himiya.png)