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

Author Question: Which of the following are nominal accounts? a. Merchandise Inventory b. Capital c. Expenses d. ... (Read 76 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jul 6, 2018
Which of the following are nominal accounts?
 a. Merchandise Inventory
  b. Capital
  c. Expenses
  d. Cash

Question 2

A government defeased in substance 10 million of old Enterprise Fund bonds by paying 12 million into a qualifying trust for that purpose. The refunded bonds had an unamortized premium of 200,000 and bond issue costs of 50,000 .
 
  No borrowed resources were used to accomplish the defeasance. What amount of deferred interest expense should the government report?
  a. 0
  b. 1,850,000 debit
  c. 1,800,000 debit
  d. 1,850,000 credit


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

onowka

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

B


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jul 6, 2018
Gracias!

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Caleb Goodwin, Inventory of Slaves and Livestock. Caleb Goodwin, Inventory of Slaves and Livestock.
A software inventory log. A software inventory log.
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library