Answer:
The gain on exthinguish will be 19,683
Explanation:
The bond had a carrying value of 421,620
They were purchase at 401,937
The gain on exthinguish will be 19,683
That's because the bonds payable were purchase from third parties.
The subsidiary already issued the bond in a previous period.
When the parent company purchase the bonds, they were retired from other entities, so it is not a intra-entity transaction, therefore produces gains or losses.
b. earned
c. hourly
d. passive
Answer: (C) Capital Gain Income
Explanation: Byron is making money through buying and selling of stocks. When a stock is bought and sold within 3 years, it is considered as short term capital gain. When a stock is bought today and sold after 3 years, it results into long term capital gain. Hence, the answer is Capital Gain income.
The other options are earned , hourly and passive are not relevant.
Answer:
$1,043
Explanation:
Assuming a 12% annual rate, we can convert it to a quarterly rate.
The equivalent quarterly rate is 2.9%.
9 months is the sames as 3 quarters, therefore, we can use the following formula to find the full value of the note at maturity:
12,000 = X (1 + 0.029)^3
12,000 = X(0.92)
12,000/0.92 = X
13,043 = X
Therefore, the interest due at maturity is:
13.043 - 12,000 = 1,043
Answer:
Eliminating business regulations would increase entrepreneurship rate.
Explanation:
The nation of Rhodasia has the lowest entrepreneurship rate globally. A new government wants to make the country's business environment more supportive entrepreneurs.
To make the economic environment more favorable for the entrepreneurs the government needs to adopt policies to make it easier to do business. It can involve reducing license and permit requirements. Providing tax cuts and subsidies.
The government needs to reduce or eliminate business regulations and improve the ease of doing business.