Business, 05.05.2020 23:02 niescarlosj
The following items are found in the financial statements.
Indicate how each of these items should be classified in the financial statements.
Classification
(a) Discount on bonds payable
Balance Sheet Income statement
(b) Interest expense (credit balance)
Balance Sheet Income statement
(c) Unamortized bond issue costs
Balance Sheet Income statement
(d) Gain on repurchase of debt
Balance Sheet Income statement
(e) Mortgage payable (payable in equal amounts over next 3 years)
Balance Sheet Income statement
(f) Debenture bonds payable (maturing in 5 years)
Balance Sheet Income statement
(g) Notes payable (due in 4 years)
Balance Sheet Income statement
(h) Premium on bonds payable
Balance Sheet Income statement
(i) Bonds payable (due in 3 years)
Balance Sheet Income statement
Answers: 1
Business, 22.06.2019 15:30
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
Business, 22.06.2019 20:10
Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.
Answers: 1
Business, 22.06.2019 21:30
Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.
Answers: 1
The following items are found in the financial statements.
Indicate how each of these it...
Indicate how each of these it...
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