If Rex Corporation issued ten $1,000 bonds issued at 99.75 on the interest date, the entry to record this transaction is :
A) Cash 990.75 Bonds Payable 990.75
B) Cash 9,907.50 Bonds Payable 9,907.50
C) Cash 997.50 Bonds Payable 997.50
D) Cash 9,975 Unamortized bondDiscount 25Bonds Payable 10,000
D
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The use of equipment in a company is an external event
a. True b. False Indicate whether the statement is true or false
U.S. GAAP specifies that, in the context of inventories, market means
a. replacement cost, only. b. net realizable value, only. c. replacement cost, except that market may not exceed net realizable value and may not be less than net realizable value reduced by a normal profit margin. d. replacement cost, except that market may not exceed net realizable value and may not be less than present value of future cash flows. e. replacement cost, except that market may not exceed net realizable value and may not be less than the total amount of undiscounted future cash flows.
Abroad Standard, Inc. (ASI)Abroad Standard, Inc. (ASI), sells its products through the Internet. Erica is one of the biggest buyers of the company's products for her business. Nearly all of the interactions between Erica's company and ASI have been electronic, saving both time and energy. Although transaction costs are reasonable, ASI has encountered financial problems with high production costs. Ronald, a veteran employee of ASI, suggested to senior management that certain aspects of production may need to be handled by other, more efficient companies. Ronald also suggested that the company might want to create a physical store to possibly increase its visibility and potential profits. He explained many disadvantages of operating solely through the Internet. Refer to Abroad Standard,
Inc. Erica's interaction with ASI is an example of A. B2B. B. B2C. C. business-to-supplier. D. business-to-customer. E. business-to-client.
Pick a particular brand of appliance, like a Bosch dishwasher with certain features, and use the internet to compare its prices across countries. Be sure to have exactly the same style of appliance in each country
How different are the prices when expressed in a common currency?