A bond issue of $100,000 selling at 98, would require a journal entry including a
a. debit to Bonds Payable for $98,000.
b. credit to Cash for $98,000.
c. credit to Premium of Bonds Payable for $2,000.
d. debit to Discount on Bonds Payable for $2,000.
d
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The gross profit percentage is one of the most carefully watched measures of ________.
A) profitability B) liquidity C) solvency D) marketability
Name and briefly define the two forms of a potential coalition.
What will be an ideal response?
Which of the following steps in the modeling process described by social learning theory deals with the fact that once information is noted and retained, the person imitates the behavior that they recall?
A. attention B. retention C. reproduction D. motivation
On January 1, 2011, James Company sold a machine for $10,000 that it had used for several years. The machine was purchased at $22,000, and had accumulated depreciation of $9,000 at the time of sale. What gain or loss will be reported on the income statement for the sale of the machine?
A) Gain of $10,000 B) Loss of $13,000 C) Loss of $3,000 D) Gain of $3,000