This topic contains a solution. Click here to go to the answer

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 15 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
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
Answer to Question 1

D

Answer to Question 2

b




arivle123

  • Member
  • Posts: 569
Reply 2 on: Jul 6, 2018
Wow, this really help


meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

For a complete list of videos, visit our video library