Answer:
Decrease, $2,000
Explanation:
The premium on bonds payable will <u>decrease </u>total interest expense recognized over the life of the bond by <u>$2,000</u>. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.
Answer:
Follows are the solution to this question:
Explanation:
In point A:
The estimated amount of uncollectible allowance =
In point B Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts
Doubted debt allowance
(Bad Debts Expense recorded)
In point C Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts
Doubted debt allowance
(Bad Debts Expense recorded)
The platforms that gives an employees an opportunity to provide an anonymous feedback about the colleagues behavior is known as <u>whistleblowing platform</u><u>.</u>
<h3>What is
whistle-blowing?</h3>
In a formal setting, a whistle-blow refers to a platform that allows people to tell authorities that the some people or group one is working for are doing something immoral or illegal.
In conclusion, this platform ensures a protection of whistle-blower nevertheless.
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Economics because it has to deal with money, which is important for a career in business.
There are various things that could be bought or sold by an auction such as Collectibles and art, antiques, real estate sporting goods etc.
There are several ways to conduct an auction, but the first-price auction and second-price sealed-bid auctions are the most common. In first-price auctions, the person whose bid is highest than the base offer will win the auction. The highest bidder in a sealed-bid auction with a second price pays for the second-highest bid. If there are several bidders on a piece of real estate, for instance, the property will go to the highest bidder, but in this situation, the highest bidder will only have to pay the price of the second-highest bid.
The cost-benefit analysis indicates that auctions will aid in the sale of the rare products at a price over its minimum worth, based on the cost-benefit analysis. The best profit will therefore be made in this situation, but the consumer surplus is still positive.
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