Warren peace bookstore issues a note with no stated interest rate in exchange for a building. in accounting for the transaction:

Answers

Answer 1

Answer:

the options are missing, so I looked for them.  

the options are:

The note is recorded at its face amount unless the fair value of the building is readily available. The building should be depreciated over the note’s term to maturity. Both the note and building are recorded at the fair value of the note or the fair value of the building, whichever is more clearly determinable. If fair values of the note and building are unavailable, the note should be recorded at its face amount.

The correct answer is:

4. If fair values of the note and building are unavailable, the note should be recorded at its face amount.


Related Questions

A responsible managing employee is required through the Contractor's state license board to work at least?

Answers

Answer:

32hours or 80% of the complete working hours per week of the business

Explanation:

When construction companies engage in contracts were materials and labor can cost $500 and above, they are expected to have a license. If the business does not have a license, it can qualify for a license if it decides to employ someone with the required license. The employed individual will be known as the responsible managing employee.

The contractors state license board requires such an employee to be a full and recognized employee of that business and to have at least 32hours or 80% of the sum of the working hours expended by the business.

what is turgidity
..............​

Answers

Answer:

Turgidity is the state of being swollen or turgid,

Which business environment are SMEs part of? Micro, market,macro environment and why

Answers

Answer:

Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.

studiousguy.com › Marketing

(03.04 LC)
Which federal legislation gives consumers the right to know what is in their credit
report?

Answers

Answer:

The Fair And Accurate Credit Transaction Act (FACTA)

Explanation:

Preliminary interviews are only required for the highest paying positions.

True or False?

Answers

False, because there’s lots that r like that

A person who is a good employee of a multinational company means that he is fit to be an entrepreneur. TRUE or FALSE

Answers

I believe it’s true but I could be wrong

LETS DEBATE AB ABORTION.

Answers

I’m pro choice but respect everyone’s opinion:)

Answer:

i dont like the idea of them but if  you must get one to survive then do it

Explanation:

Describe the poverty trends in India for the period 1993 to 2012.

Answers

Answer:

There was a substantial decrease in poverty in India from about 55% in 1973 to 36% in 1993.

The proportion of people below the poverty line further came down to about 26% in 2000.

If the current trend continues then people below poverty line may come below 20% in the next few years.

Although the percentage of people below the poverty line is decreasing from 1973 the number of people living below the poverty line remain the same(about 320 million(

The latest estimate indicates a significant reduction in the number of poor to about 260 million.

does anyone else's parent threaten to abuse them when you do bad in school or is it just me?

Answers

Answer:

.....

Explanation:

wow-

what are some of the products variables that may be considered in product development?​

Answers

answer:

Cost. One major factor that affects product design is the cost of production including material costs and labor costs. ...

Ergonomics. The product needs to be user friendly and afford convenience in its function. ...

Materials. ...

Customer Requirements. ...

Company Identity. ...

Aesthetics. ...

Fashion. ...

Culture.

what are the important features of utility?​

Answers

Answer:

Utility is the want-satisfying power of a commodity. It is the satisfaction, actual or expected, obtained from the consumption of a commodity. Characteristics of Utility are: Utility is psychological: It depends on the mental attitude and assessment of the person consuming the commodity and also his likes and dislikes.

what are the components of micro environment​

Answers

Explanation:

the factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.

hope this helped :)

What type of contract is a hire purchase agreement?

Answers

Agreeing to purchase goods in installments over a period of time is the foundation of hire purchase. It is almost identical to an installment plan, except that in a hire purchase, the seller owns the goods until you make the final payment (like lease-to-own or rent-to-own).

A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%

Answers

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

The interest rate will be:

= [tex]\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}[/tex]

On substituting the given values, we get

= [tex]\frac{800}{50,000}[/tex]

= [tex]0.016[/tex]

i.e.,

= [tex]1.60 \ percent[/tex]

Who would win Hawk Eye (Marvel) or The Green Arrow (DC)

Answers

Answer:

Buff animal crossing.

Explanation:

Answer:

Green Arrow

Explanation:

What do taxes pay for? a. Schools, government departments, roads, and emergency services
b. Privately-owned businesses
c.Operation of financial institutions
d. None of the above​

Answers

A

Because thats what the government gets in order to pay for everything we have that is for the Public

Taxes are payed for the development of schools, government departments, roads and emergency services. They are payed by the citizens of a country.

What are taxes ?

A tax is defined as payments or charge of money on the tax payers. They are the levy imposed by the government on its citizens to fund development projects and government schemes for its people.

Why are taxes paid ?

It is the main source of revenue for the government.

The money collected is spent to maintain and develop public infrastructure and fund public services through welfare programs.

Learn more about "tax" here :

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(e) Choose the gerund form of the verb from the following.
(1) swim (ii) swimmer (ii) swam
(iv) swimming​

Answers

Answer:

I believe the answer is swimming. I apologize if it is not. I hope this helped a little.

Where scaffolds are utilized they shall
be provided with _ for the entire
length, and shall have
to
prevent slipping.

Answers

Answer:

im not aure

Explanation:

im not aure

The opposite of 'always' is
(i)
(ii) never
ever
(iii) frequent (iv) often
Ans.​

Answers

the opposite of always is

never ever

I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)

Answers

Answer:

I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.

A $5,000,000 issue of construction bonds were sold at par by he capital projects fund, Debt issuance costs included administrative fees of $45,000 and prepaidinsurance costs of $5,000.


Prepare in general journal form the necessaary entries in the governmental activities and approppriate fund journals for each transaction. Expanations may be omitted, For each entry you prepare, name the fund on which the entry should be made.

Answers

Answer and Explanation:

The journal entries are shown below:

Cash Dr $5,000,000

     To Bond proceeds $5,000,000

(Being issuance of the constructions bonds are recorded)

Debt issuance cost  $50,000

        To Cash $50,000

(Being debt issuance cost is recorded)

Cash $4,950,000

Debt issuance cost $50,000

        To Bond Proceeds $5,000,000

(being issuance of the construction bond is recorded)

On January 1, 2020, Vaughn Corporation purchased 323 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Vaughn purchased the bonds to yield 11%. How much did Vaughn pay for the bonds?

Answers

Answer:

$284,954.63

Explanation:

in order to determine the market price of the bonds we must calculate the present value of the face value and coupon payments

PV of face value = $323,000 / (1 + 11%)¹⁰ = $113,755.59

PV of coupon payments = $29,070 x 5.8892 (PVIFA, 11%, 10 periods) = $171,199.04

total market value = $284,954.63

the nature of goods and services demanded in a society depends upon_____


a-fashion trends
b-people's attitude,customs,socio-cultural values
c-future expectations
d-none of these

Answers

Answer:

b. people's attitude,customs,socio-cultural values

hope it helps!

please mark as the brainliest if it is correct!

The nature of goods and services demanded in a society depends upon people's attitudes, customs, and socio.

What is demand?

Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the number of things that consumers are prepared and willing to purchase at various prices within a specific time frame.

A tangible object that buyers want or own is good. Despite not being a material or physical object, consumers nevertheless desire services. A service can frequently be delivered remotely as well. There are certain examples are there goods that are automobiles, appliances, and clothing. Examples of services are legal advice.

Therefore, Thus option (B) is correct.

Learn more about the demand here:

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The current price of a non-dividend-paying biotech stock is $140 with a volatility of 25%. The risk-free rate is 4%. For a three-month time step:



a) What is the percentage up movement?


b) What is the percentage down movement?


c) What is the probability of an up movement in a risk-neutral world?


d) What is the probability of a down movement in a risk-neutral world?


Use a two-step tree to value a six-month European call option and a six-month European put option. In both cases the strike price is $150.

Answers

Answer:

a. u = e^(0.25√0.25)

u = e^0.125

u = 1.13314845307

u = 1.1331485

The percentage up movement is 13.31%

b. d = 1/u

d = 1/ 1.1331

d = 0.88253464

d = 0.8825

The percentage downward movement = 1 - 0.8825 = 11.75%

c. Probability of upward movement(P) = (R - d) / ( u-d)

P = (1.04 - .8825) / ( 1.1331 - 0.8825)

P = 0.6285

P = 62.85%

d. Probability of a down movement in a risk-neutral world = 1 - P

= 1 - 0.6285

= 0.3715

= 37.15%

Which term refers to the possibility of an investor losing some or all of an investment?

risk
likelihood
probability
chance

Answers

Answer:

Option A, Risk

Explanation:

Risk signifies the condition of loosing something or some inappropriate happening. All other terms i.e likelihood, probability and chance can refer happening of both positive or negative thing.

Risk is the only term that signifies only a negative happening. Hence, It is the right choice of answer

The term that refer to the possibility of an investor losing some or all of an investment is known as risk.

What is a risk?

Risk means uncertainty about future occurrence. Risk is defined as the condition of loosing something or unexpected happening.

The only term that shows only a negative event is risk, often associated with investment.

Hence, the term that refer to the possibility of an investor losing some or all of an investment is known as risk.

Learn more about risk here : https://brainly.com/question/1224221

A well written Business Plan allows you to define and specify the exact target customers.

A. True
B.False

Answers

This is true.......

soul is a music genre that evolved from the songs made out of loneliness by​

Answers

Answer:

if you're asking what the origin of soul is, the it is the loneliness by slaves

what would wages look like if there was no minimum wage?

Answers

Answer:

if changed now they'd probably stay the same

Explanation:

people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol

Me piden que observe diferentes medios de comunicacion para identificar el nombre y una referencia a un gerente

Answers

La respuesta correcta para esta pregunta abierta es la siguiente.

Si lo que te pidieron es  observar diferentes medios de comunicación para identificar el nombre y una referencia a un gerente, te podemos compartir la siguiente información.

No nos especificas a qué país te refieres o el país donde tú vives, así que elegiremos televisoras internacionales.

Estas son Telemundo, Univisión. CNN en Español, Grupo Televisa, Grupo Imagen. y Grupo TV Azteca. Los directivos-gerentes de estas dos últimas son magnates de la comunicación, hombres de negocio millonarios con gran influencia a nivel Latinoamérica. Me refiero a Ricardo Salinas, de Grupo Salinas, dueño de TV Azteca, y Olegario Vázquez, dueño de Grupo Imagen.

In a restaurant, how does a poor kitchen layout impact the staff?
Poor kitchen layout results in poor _______ in staff.

Answers

Answer:

Effeciency

Explanation:

In a restaurant, how does a poor kitchen layout impact the staff?

Poor kitchen layout results in poor EFFICIENCY in staff.

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