Answer:
See below
Explanation:
The journal entry for the issuance of the note proceed is shown below;
Cash A/c Dr $455,000
----------- To Notes payable A/c Cr $455,000
(Being the issuance as well as proceeds of the note that is recorded)
Cash account is debited because it is increasing and any increase in asset is debited. Also, the note will become payable which leads to increase in liability and an increase in liability is credited hence why note payable is credited.
• Note that other things like interest rate, duration are not considered because we were asked to pass the journal entry for the issues of notes not for any interest expense, reason why it was ignored.
When a company has both the common and preferred stock, then, its ROE must be adjusted by subtracting the preferred stock balance from the total stockholders' equity and subtracting preferred stock dividends from net income.
The ROE means Return on equity.
Return on equity is used to measure the profitability of a business in relation to its equity.
If the company have common and preferred stock, then, its ROE must be adjusted by subtracting the preferred stock balance from the total stockholders' equity and subtracting preferred stock dividends from net income.
Therefore, the Option A and C is correct.
Missing options includes <em>"A) subtracting the preferred stock balance from the total stockholders' equity, B) adding the preferred stock dividends to net income, C) subtracting preferred stock dividends from net income
, D) adding the preferred stock balance to total stockholders' equity"</em>
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Answer:
Tax law uncertainty.
Explanation:
The “Tax law uncertainty” is the correct answer because it can be seen in the question that Congress has disallowed the deductions for advertisement in the future tax years. Since the decisions that the government takes are confidential and only a few people are aware of the decisions before its formal announcement. So the same case is here, Jolsen had a contract of $375000 annually and it will estimate that after obtaining the tax deduction, the advertisement cost will be lower. But the changes in the tax laws result in underestimated after-tax cost by Jolsen.
Answer:
She is bound by the regulations.
Explanation:
It is Mary's duty to know if the insurance regulations published in the Federal Register have been adopted by Congress. The purpose of using the Federal Register is to inform US citizens of all pending legislations. The publication in the Federal Register is, therefore, considered as a sufficient legal requirement for compliance with public notices.
Answer:
The answer is A. demand for money falls and the interest rate falls
Explanation:
The demand for money is the amount of money or amount of wealth households or businesses choose to hold in the form of money(cash or cash-equivalent).
When the price level decreases, the purchasing power of consumers increases, so consumers' demand for money will be reduced or lower. The transactional demand for money will be reduced.
Also when price level decreases, interest rate falls. Because the purchasing power of consumers has been increased, the excess money will be kept in banks and the increases the money supply. So with an increase in money supply, interest rate will be reduced to encourage borrowing.
