This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a government issues bonds with a face value of 5,000,000 at a 2 discount and incurs 55,000 of ... (Read 18 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 6, 2018
If a government issues bonds with a face value of 5,000,000 at a 2 discount and incurs 55,000 of issuance costs, the General Long-Term Liabilities accounts will report a liability of
 
  a. 0
  b. 4,900,000
  c. 4,955,000
  d. 5,000,000
  e. 5,055,000

Question 2

Sales Discounts and Sales Returns and Allowances have the following characteristics in common:
 a. Contra-Asset, DR
   b. Contra-Revenue, DR
   c. Contra-Asset, CR
   d. Contra-Revenue, CR


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

b


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jul 6, 2018
:D TYSM

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol
The New Face of America The New Face of America
Face muscles Face muscles
The Circle of Relationship Issues and Sexual Problems The Circle of Relationship Issues and Sexual Problems
In the box on upward social mobility on page 82, we discussed how Latinos face a similar situation. ... In the box on upward social mobility on page 82, we discussed how Latinos face a similar situation. ...
Locations of key energy meridians and acupoints for the back, shoulder, arm, neck, head, and face. Locations of key energy meridians and acupoints for the back, shoulder, arm, neck, head, and face.
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library