Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: Pima Company acquires 50, 10 percent, five years, $1,000 Community bonds on January 1, 2008 for 51,250 dollars. This includes a brokerage commission of $1,250. Suppose Community pays interest on January 1 & July 1, & the July 1 entry was done correctly. The journal entry at December 31, 2008 would include a credit to:

[A] Accrued Expense for $5,000.

[B] Interest Revenue for $2,500.

[C] Interest Receivable for $2,500.

[D] Interest Revenue for $5,000.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M917461

Have any Question? 


Related Questions in Basic Finance

Capital asset pricing model levine manufacturing inc is

(Capital Asset Pricing Model) Levine Manufacturing, Inc., is considering several investments. The rate on Treasury bills is currently 6.75 percent, and the expected return for the market is 12 percent. What should be the ...

Portfolio beta you own 34600 of city steel stock that has a

Portfolio Beta You own $34,600 of City Steel stock that has a beta of 3.40. You also own $44,500 of Rent-N-Co (beta = 1.89) and $21,900 of Lincoln Corporation (beta = -.71). What is the beta of your portfolio?

Essay questionsmust include references1 the time value of

Essay questions,must include references 1. THE TIME VALUE OF MONEY Some financial advisors recommend you increase the amount of federal income taxes withheld from your paycheck each month so that you will get a larger re ...

Michael garber summarymark x company manufactures farm and

Michael Garber Summary: Mark X Company manufactures farm and specialty trailers of all types. Almost more than 85 percent of the company's sales come from the west coast. A growing market for custom horse transport vans ...

1 choose a country of interest to you go to the executive

1. Choose a country of interest to you. Go to the Executive Planet website (www.executiveplanet.com) or another website with cross-cultural comparisons and analyze the country in terms of the following cultural dimension ...

After the medicare program adopted the pps researchers

After the Medicare program adopted the PPS, researchers observed that people tended to receive less care for any given diagnosed condition. a. One explanation for this finding is that the PPS provides incentives to provi ...

Assume that the fed is targeting an interest rate and the

Assume that the Fed is targeting an interest rate and the demand for money increases. Explain why the money supply will increase.

Do assets equal liabilities fora an individual house holdb

Do assets equal liabilities for (a) an individual house hold? (b) the house hold sector as a whole? (c) the economy as a whole? Explain.

Ceteris paribus what happens to the demand for money if

Ceteris paribus, what happens to the demand for money if incomes go down? Ceteris paribus, what happens to the supply of money if reserves go up? In each case, does the interest rate change? Graph each case.

The hartnett corporation manufactures baseball bats with

The Hartnett Corporation manufactures baseball bats with Pudge Rodriguez's autograph stamped on them. Each bat sells for $35 and has a variable cost of $22. There are $97,500 in fixed costs involved in the production pro ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate