When computing a bond's cash flow for interest, which interest rate is used? Why?
What will be an ideal response
The stated interest rate is used because bonds payable pay interest based on the rate stated in the contract, not the rate of the market.
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Jeff, an employee at Citrus Inc, hears about a change in the company's leave policy from one of his coworkers and shares this information with another coworker, Judy. Judy, in turn, passes on the information to her teammates. However, this information has not been officially confirmed. In this scenario, the information was exchanged through _____.?
A) ?formal communication B) ?upward communication C) ?external communication D) ?grapevine communication
The person who makes the will is called the Testatum
Indicate whether the statement is true or false
On March 21, 2017, the bond accounts of Pugh Sales showed the following balances
Pugh Sales retires the bonds for $66,150. Prepare the journal entry to record the retirement of the bonds. What will be an ideal response
Determine the accounts and amounts to be debited and credited for the following transactions for Madison's Clock Repair.A. Purchased new equipment for $3,400 by issuing a check for $1,400 as a down payment with the balance due in 30 days.B. Returned damaged supplies and received a $80 cash refund.C. Purchased supplies for $300 on account.D. Provided services for $8,600 on credit.E. Issued a check for $700 to pay a creditor on account.F. Issued checks for $3,800 to pay the employees their monthly salaries.G. Issued a check for $180 to pay the monthly telephone bill
What will be an ideal response?