Plum Corporation issues $400,000 of 7 percent, five-year bonds on January 1, 20x5, and sells them on the same date for their face value. The bond indenture states that interest is to be paid on January 1 and July 1 of each year. The entry to record the issuance includes
A) a credit to Cash.
B) a credit to Bonds Payable.
C) a credit to Interest Expense.
D) All of these choices.
B
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Which of the following promotions would be most appropriate for Reliable Tools to use in its attempt to promote its products and generate new business leads?
A) rebates and price packs B) premiums C) specialty advertising D) samples E) conventions and trade shows
On January 1, 2016 Kefauver Company purchased a piece of equipment for $375,000. The equipment had a useful life of 10 years and a residual value of $10,000. The company initially starts recording depreciation on a straight-line method. The following independent situations occur at the beginning of 2018: a.The life of the equipment was originally estimated to be 10 years but due to the wear and tear on the machine they changed it to a remaining life of 7 years.b.It was discovered that when initially recorded on the books the residual value had been ignored.? Required:Prepare all journal entries related to the equipment for 2018 for each of the independent situations, ignoring income taxes.
What will be an ideal response?
Garber Corporation had 20,000 shares of $12 par value common stock outstanding and declared a four-for-one stock split. How many new shares of stock would then be outstanding and what would be the par value of the new stock?
What will be an ideal response?
The views are created by executing a CREATE VIEW SQL command
Indicate whether the statement is true or false