During 2018, peoria airlines paid salary expense of $ 40.8 million. at december 31, 2018, peoria accrued salary expense of $ 2.3 million. peoria then paid $ 2.6 million to its employees on january 3, 2019, the company's next payday after the end of the 2018 year. for this sequence of transactions, show what peoria would report on its 2018 income statement and on its balance sheet at the end of 2018.

Arapid increase in the population of a city or town is most likely to lead to which of the following? a. higher-paying jobs. b. low housing prices. c. a seller's market. d. a drop in population density. 2b2t

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy