Like financial metrics, sustainability metrics are standardized
Indicate whether the statement is true or false
FALSE
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Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details.
A) $540,000
B) $529,000
C) $547,000
D) $829,000
Barley, Inc sold $30,000 of 8% bonds for $40,200. Each $1,000 bond carried eight rights and each right allowed the holder to acquire one share of $10 par stock for $16 a share. After the issuance of the securities, the bonds were quoted at 104 and the rights were quoted at $4 each. Later, one-half of the rights were exercised. At date of exercise, how much should be credited to Additional Paid-in
Capital? A) $1,320 B) $720 C) $600 D) $2,640
X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity:DateCash PaidInterest ExpenseDecrease in Carrying ValueCarrying Value01/01/2021 $104,212 12/31/2021$7,000 $6,253 $747 103,465 12/31/2022 7,000 6,208 792 102,673 12/31/2023 7,000 6,160 840 101,833 12/31/2024 7,000 6,110 890 100,943 12/31/2025 7,000 6,057 943 100,000 X2 issued the bonds for:
A. $104,212. B. $107,000. C. $100,000. D. Cannot be determined from the given information.
What are some of the forces that are driving companies to practice corporate social responsibility?
What will be an ideal response?