On February 1, Clayton Co. issued $1,300,000 of 20-year, 9% bonds for $1,225,000. Interest is payable semiannually on February 1 and August 1. Present the entries to record the following transactions.(a)Issuance of the bonds.(b)First semiannual interest payment (record as separate entry from premium amortization).(c)Amortization of bond discount for the year, using the straight-line method of amortization. (Round to the nearest dollar when necessary.)
A young client rolls his eyes when he discusses the rules his mother is attempting to enforce. The client's nonverbal behavior "eye roll" would be categorized as:
A) kinesics. B) proxemics. C) paralinguistics. D) microverbalization.
Section 4003 of the District of Columbia Municipal Regulations provides: "No person shall rent or offer to rent any habitation or the furnishing thereof unless such habitation and its furnishings are in a clean,safe and sanitary condition,in repair and free from rodents or vermin." This is an example of a(n) :
A) statute of frauds provision. B) implied warranty of quiet enjoyment. C) housing code. D) provision in accordance with the Fair Housing Act.
During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepared the following income statement based on the variable costing concept: Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.
a.$16.00 ($288,000 total variable cost of goods manufactured ÷ 18,000 units manufactured)b.Unit variable cost of goods manufactured (a)$16.00 Unit fixed cost of goods manufactured ($12,000 ÷ 18,000 units manufactured)0.67 Unit cost $16.67
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Chester Burger was an early pioneer in using television for PR purposes.