Cassa​ & Associates purchased the bonds of Jay Bird. These bonds pay​ 6% interest​ semi-annually. The effective rate of interest at the date of investment was​ 3%. Did Cassa​ & Associates purchase these bonds at a discount or​ premium? A. These bonds were purchased at a premium because the stated rate exceeds the market rate. B. These bonds were purchased at a discount because the market rate exceeds the stated rate. C. These bonds were purchased at a discount because the stated rate exceeds the market rate. D. These bonds were purchased at a premium because the market rate exceeds the stated rate

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

Social computing forces companies to deal with customers as opposed to

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.