On April 1, Alliance Company purchased $50,000 of Tetter Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, Alliance received its first semiannual interest. On February 1, Alliance sold $40,000 of the bonds at 103 plus accrued interest. The journal entry Alliance will record on April 1 for the purchase of the bonds will include a:____________.1. debit for Cash of $50,000
2. debit to Investments—Tetter Company Bonds for $52,000
3. debit to Investments—Tetter Company Bonds for $50,000

Answers

Answer 1
Answer:

Answer:

Option (3) is correct.

Explanation:

Given that,

cost of purchasing Tetter Company's 12% bonds = $50,000

Accrued interest expense = $2,000

The journal entry is as follows:

On April 1,

Investments in debt securities - Tetter Company bonds A/c Dr. $50,000

Interest receivable A/c Dr. $2,000

                   To Cash    $52,000

(To record the purchase of the bonds)


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Buying stocks or starting your own company are examples of what type of investment?A.Income investments
B.Bond investments
C.Debt investments
D.Equity investments

Answers

Buying stocks or starting your own company are examples of equity investments.

Equity investments are those investments based on individual ownership and or individual risk. In real estate, this term is often called "sweat equity" because you physically sweat to create the equity.

I believe the correct answer is B

Ted's Manufacturing makes two products, B and C. They each take 2 direct labor hours and 2 machine hours to produce. A batch of Product B, however, uses twice the number of machine set-ups and requires 3 times as many materials requisitions as does Product C. Which of the following is most likely true?a. The product cost of Product B will be higher under ABC than under traditional costing.b. The product cost of Product C will be higher under ABC costing than under traditional costingc. Traditional costing assigns a product cost that is too low to Product C.d. Traditional costing assigns a product cost that is too high to Product B.

Answers

Answer:

a.

Explanation:

Based on the scenario being described within the question it can be said that the statement that is most likely true is that the product cost of product B will be higher under ABC than under traditional costing. This is because Activity-based costing (ABC) bases their overhead costs on the actual consumption by each while traditional costs  overhead is applied based on the amount of machine hours consumed. Therefore since product B is characterized as having lots of consumption then it's product cost will be higher under ABC costing.

In the u.s. free enterprise system one of the primary roles of the government is to: ___________

Answers

In the US free enterprise system one of the primary roles of the government is to ensure the safety of products through regulation.

Why is it important the safety of the product?

A product's lack of safety can result in severe, frequently fatal injuries. Injuries such as fractured bones, lacerations, amputations, choking risks, strangling, and more may result from this. Because of this, producers must take steps to safeguard customers by assuring the safety of every product.

Many products are created and developed to reduce or eliminate human mistakes. A safety belt that is designed to make it impossible to put it on incorrectly is an excellent illustration of this. A safe product is one that carries no danger or only a little amount of risk that is acceptable.

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Which of the following will typically offer the lowest interest rate?A.Basic savings
B.Certificate of deposit
C.Savings bond
D.Money market savings

Answers

I think the correct answer from the choices listed above is option A. The basic savings that will typically offer the lowest interest rate. The Basic Savings Accounts is the most affordable interest earning savings account offered by the Bank. Hope this answers the question.

Which word is CLOSEST in meaning to profundity?a. clarity
b. harmony
c. depth
d. zealv

Answers

the answer is c. depth

c the depth is the correct answer

When people are injured in a car accident, they need an auto insurance representative to help themA.file a claim
B.prepare a lawsuit
C.arrange for physical therapy
D.find a policy

Answers

Any type of insurance exists to reduce or completely remove the policyholder's liability. Hence option A is correct .

What is a filing a claim?

The medical expenses that the policy-holder might otherwise be responsible for as a result of an auto accident are covered by medical insurance in an auto policy.

When you make a claim, you ask an insurance provider to pay you a specific amount of money in accordance with the conditions of the insurance policy. The period of time after filing a claim during which a policyholder cannot receive insurance benefits is known as the elimination period.

A claims adjuster will get in touch with you after your claim is submitted. They can want you to fill out a Proof of Loss form. Your insurer's coverage amount will be determined by the adjuster, and assist you with the claims procedure.

There is no rule dictating how long you must wait before making a claim. You should get in touch with your insurance company as soon as an incident occurs. The longer you wait, the more damage may occur, depending on the sort of incident.

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Answer:

a file a claim

explanation:

because of the car accident and the injured people they have to file a claim to pay for the car repair and injuries