Exhibit 14-5 Joseph Company had underwriters prepare a bond issue for $100,000 9%, ten-year bonds dated January 1, 2014 The bonds were issued on March 1, 2014 at 102 plus accrued interest on. Expenses connected with the issue totaled $5,000 and were deducted in arriving at the net proceeds. Joseph amortizes premiums and discounts using the straight-line method. ? Refer to Exhibit 14-5. The
entry to record the issue would include a debit to Cash for
A) $97,000.
B) $98,500.
C) $99,500.
D) $102,000.
B
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With a nonstatistical sampling application, the auditor relies on professional judgment rather than the laws of probability to reach a conclusion about the audit test.
Answer the following statement true (T) or false (F)
MegaCorp has five directors. The company has 1,050 shares of voting stock. Jessica would like to purchase enough stock to elect herself to the board of directors. The company allows for cumulative voting. Explain the concept of cumulative voting and also state how many shares of MegaCorp stock Jessica will need to own to assure herself a place on the board of directors
A structured group meeting of stakeholders to gather requirements by actively involving the stakeholders to replace individual interviews best defines
A) QFD. B) KMAP. C) BPR. D) JRP.
When the variance of a probability distribution is $81,000 the risk equals:
A) $900 B) $6,561,000,000 C) $284.61 D) There is not enough information to calculate the risk.