On January 1, 2015, Clarkson, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2015?
a. $352,960
b. $354,200
c. $355,452
d. $400,000
c
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The economic resources of a business such as furniture, building, and land are its ________
A) liabilities B) revenues C) assets D) dividends
The choice of media influences the content and form of the message.
Answer the following statement true (T) or false (F)
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by:DepartmentDirect costsS1 S2 P1 P2 S1$60,000 0.70 0.10 0.20 S2$100,000 0.20 0.30 0.50 P1$160,000 P2$140,000 Under the direct method of cost allocation, the amount of S1 costs allocated to P1 would be:
A. $6,000. B. $20,000. C. $30,000. D. $62,500.
Harold Homeowner hired Blake Painters to paint his house. Blake decides it has too many jobs and delegates the duties to the Andrews Company, which agrees to perform the delegated duties. Andrews does a poor job, and drips paint on Harold's flowers and windows. Which of the following is true?
a. Harold can sue both Blake and Andrews. b. Harold can sue Blake, but he cannot sue Andrews. c. Harold can sue Andrews, but he cannot sue Blake. d. Harold cannot sue, because he has accepted the benefits of the assignment.