Business, 26.03.2020 21:00 swagisminecraft
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually.
Required:
1. The journal entry to record the receipt of interest on the next interest payment date would be .
a. Debit: Cash $4,000; Credit: Interest Receivable $1,500 and Interest Revenue $2,500
b. Debit: Cash $4,000; Credit: Interest Receivable $4,000
c. Debit: Cash $4,000; Credit: Interest Revenue $4,000
d. Debit: Cash $2,500; Credit: Interest Revenue $2,500
Answers: 2
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Acoase solution to a problem of externality ensures that a socially efficient outcome is to
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Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration
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In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer
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Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The...
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