1. How are the bonds issued, what is the appropriate journal entry?   2. Provide example for issuing bonds.

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A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

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A: Gross estate refers to the total valuable property, held by the deceased, it includes cash, stock,…

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A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

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A: Since multiple questions have been posted, as per the guidelines only the first question will be…

Q: When can a partnership use the cash method of accounting?

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A: Depreciation represents the estimated reduction in the value of fixed assets with in a fiscal year.…

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A: Cash Budget: A prediction of a company's cash flows over a specific time period is called a cash…

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A: Deduction - According to tax law, a deduction (sometimes known as a tax-deductible) is a purchase or…

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A: As per the given information: Polly Corporation owns 80% of Sonny Corporation's stock90% of Daughter…

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A: Net Present Value - A financial term called net present value (NPV) aims to measure the total value…

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A: Variance analysis is the process under which the difference between the actual cost and the budgeted…

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A: Income Statement :— It is one of the financial statement that shows profitability of company during…

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A: Degree of operating leverage means the division of contribution with operating income. It means…

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A: BOND   Bond is a Financial Securities which is Generally Issued by the Company or Government to…

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A: Direct Cost :— It is the cost that are directly incurred in the manufacturing of product during the…

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A: FIFO Method :— In this method, beginning inventory and old purchases is used first for output or…

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A: Deficit partner refer to the partner who is having debit balances in the company after receiving…

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A: Journal Entry is the primary step to record the transaction in the books of accounts. The net income…

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A: Perpetual inventory method is the technique that is used when the inventory is to be recorded on the…