Each year, White Mountain Enterprises (WME) prepares a reconciliation schedule that compares its income statement with its statement of cash flows on both the direct and indirect method bases.

In its 2018 income statement, WME reported $11,000 of interest expense on its outstanding bonds. During the year, WME paid its regular installments of $9,000 of interest in cash. In its reconciliation schedule, WME should:
A. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond premium.
B. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond premium.
C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.
D. Show a $2,000 negative adjustment to net income under the indirect method for the decrease in bond discount.

Answers

Answer 1

Answer:

C. Show a $2,000 positive adjustment to net income under the indirect method for the decrease in bond discount.

Explanation:

According to the scenario, computation of the given data are as follows,

Reported interest expense = $11,000

Interest expense paid = $9,000

So, Adjustment in net income = $11,000 - $9,000

= $2,000 (positive)

Here, The bond is issued at decreased discount when the interest cost exceeds the cash paid for interest expense and the effective interest rate exceeds the stated interest rate.

Hence, option C is the correct answer.


Related Questions

Describe a hypothetical government budget that employs an expansionary policy.

Answers

Answer:

Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.

Explanation:

The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.

WORKERS OR FAMILY MEMBERS?
Paternalistic leaders have authority over their employees but view them as

Answers

The Answer is gonna be Workers

This is the Answer for your question :3

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The Answer is: worker

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Answers

Answer:

thans for the points

Explanation:

Answer:

alright

Explanation:

Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8,200. Music World's journal entry to record the sales transaction is:
A. Debit Notes Receivable $8,405; debit Interest Receivable $205; credit Sales $8,200
B. Debit Notes Receivable $8,405; credit Sales $8,405
C. Debit Accounts Receivable $8,405; credit Sales $8,405
D. Debit Accounts Receivable $8,200; credit Sales $8,200
E. Debit Notes Receivable $8,200; credit Sales $8,200

Answers

Answer:

E. Debit Notes Receivable $8,200; credit Sales $8,200

Explanation:

According to the problem, computation of the given data are as follows,

Sales on credit = $8,200

Notes receivable = $8,200

So, journal entries of the sales transaction are as follows,

Notes receivables A/c Dr.       $8,200

      To, Sales A/c.                   $ 8,200

(Being sales of equipment is recorded)

Raoul receives a postcard from a car dealership reminding him of the substantial discounts and extras he can receive if he buys a car this month. This ad addresses which stage in the adoption process

Answers

Answer:

Explanation:

Jsksnakanak

When Sydney borrowed $8000 from her parents, they made her give them some collateral. What would be the MOST logical thing for Sydney to do to handle their request?

Answers

Answer: d) Give them the title to her car.

Explanation:

If they want some collateral then Sydney would have to give them collateral and a car is one of the best known examples of collaterals there is.

Sydney can give them the title of the car which means that if she defaults on the loan, her parents will be able to sell the car to get back the amount that they loaned her. She cannot sell the car until she pays them and she may have to add them as beneficiaries to any car insurance that she may have on the car.

What is the importance of international law to businesses engaged in international trade?

Answers

Answer:

The above pic might help you :)

Blake has a credit score of 611. According to the following table, at what level
is his credit rating?

A. Fair
B. Excellent
C. Good
D. Poor

Answers

The answer is A. Fair

for which person would renting a home be a better option than getting a mortgage?

Answers

Answer:

Someone who wants ro avoid spending time and money on maintenace

Explanation:

what is construction production​

Answers

Answer:

The production in construction index is a business-cycle indicator which measures the monthly changes in production of buildings (residential and non-residential) and of civil engineering (roads, railways, bridges, tunnels, utility projects).

Help Pls!!!
Identify two ways households impact the economy?
Identify two ways firms/businesses impact the economy?
Identify two ways government impacts the economy?

Answers

1. You can pay taxes and help the government buy stuff for the city.

2. They can pay people and make money for the economy.

3. Through fiscal policy, it uses its power to tax and to spend.

Which of the following is true regarding the formula for success of an enterprise system?
A) Enterprise systems implementations should include personnel from different departments.
B) The success of an enterprise system depends directly on the support received from middle-management.
C) Enterprise systems are simple to understand and implement when compared to stand-alone systems.
D) Using outside consultants tends to complicate the implementation of an enterprise system.
E) Once enterprise systems go live, employees experience an immediate growth in productivity.

Answers

Answer:

A) Enterprise systems implementations should include personnel from different departments.

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.

These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.

The employees in companies engaged in a single line of business are generally referred to as silos because they work independently, collaborate and communicate with their colleagues in a vertical style i.e exclusively with each other.

Hence, the formula for success of an enterprise system is that, all enterprise systems implementations should include personnel or employees from different departments such as accounting, marketing, human resources, customer relationship, procurement, etc.

I need help I don’t get this

Answers

The friest answer bc she said budget

Answer:

it's C, because when you budget you are trying to save money.

Explanation:

Maddox Auto Parts, Inc., contracted with Billy's Mufflers Co. to purchase 35 mufflers from their warehouse supplies. All the mufflers Maddox Auto Parts ordered were already made and packaged and merely required transportation to Maddox Auto Parts. Billy's Mufflers wrote out an order form designating which 35 mufflers were to go to Maddox Auto Parts. If a question as to when Maddox Auto Parts acquired an insurable interest in the mufflers were to arise, a court would likely hold that
Maddox Auto Parts gained an insurable interest in the mufflers:
A. at the time of contracting.
B. at the time the mufflers were
C. given to the carrier.
D. at the time of delivery.
E. 24 hours before delivery.

Answers

Answer: A. at the time of contracting.

Explanation:

Insurable interest is the reasonable concern to obtain insurance against unforeseen events such like losses or death. Insurable interest is when the loss of an object or damage would result in a financial loss.

Based on the information given, Maddox Auto Parts gained an insurable interest in the mufflers at the time of contracting. An individual will gain an insurable interest immediately s contract takes place.

Therefore, the correct option is A.

Apply Concepts Describe a hypothetical government budget that employs an expansionary policy.

Answers

Answer:

There will be cut in taxes and increased spending.

Explanation:

Expansionary policies are those in which government takes decisions to increase the spending on infrastructure, health, education and other development projects and reduces the taxes. This strategy is used to boost the economy. The increased spending creates more opportunities and there will be lesser unemployment in the country.

economics! please HELP
What do you think Adam Smith would think of the capitalist societies today? (regarding his "invisible hand" philosophy)

Answers

Answer:

The invisible hand is a term coined by Adam Smith, through which he stated his belief that an individual who acts for the benefit of himself also indirectly acts for the benefit of society or the collective, given that through the obtaining of benefits on the individual face greater wealth would be generated, transferring these benefits to the whole of society. Thus, I consider that if Adam Smith saw the current capitalist governments and the public participation of these in social assistance systems, he would not consider such actions as correct.

True or false is April 15th is an important date for people who have a job.

Answers

Answer:

true

Explanation:

its Tax Day so they are very busy

I need a name for an app that could help the community. It has to be original though none that already exists

Answers

Answer:

green help

Explanation:

lol

Answer:

GreenEarth

Green flower

Explanation:

Question 2 of 10
Standards of behavior that govern how individuals and companies act are
called
A. morals
B. codes
C. ethics
D. behaviors

Answers

Answer:

C.

Explanation:

The term used to define standards of behavior that governs individual's and companies conduct is ethics.

The term ethics is derived from the Greek word ethos, meaning, way of living. Ethics comes under the rubric of philosophy and is related to the subject of human conduct, especially concerning the actions of humans towards the society.

Ethics are those moral principles in which the conduct of companies and human behaviors are anchored.

Therefore, the correct answer is option C.

You just got a job and plan to spend your earnings on clothes and
entertainment. What kind of bank account would be best for you?
A. Certificate of deposit (CD)
B. Checking account
C. Money market account
D. Savings account
SUBMIT

Answers

Answer:

B .checking account this is my answer

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Katie bought a bike on an Installment loan for 762 on a 14% interest rate. She will pay it back with 42 monthly payments. What is the Amount borrowed?

Answers

Answer:

868.68

Explanation:

14% of 762 is 106.68 + the 762 total cost of the bike is 868.68

Match each given scenario to its cause.

Answers

Answer:

1 goes to 2 and last one goes to 4 and 3 one goes to 3 and 1 ones goes to 4th

Explanation:

3. Which of the following is a liability?
a) buildings
b) accounts receivable
c) loan from J. Henry
d) equipment​

Answers

Answer:

buildings

Explanation:

Because if you own buildings you have to take care of them and you make sure you have them clean make sure nothing is wrong if a person complains find the problem and make it better and a loan will put you in a lot of debt to that person instead of making your own money.

An injunction that requires a defendant to take an action or set of actions is
an) injunction
A. permanent
B. prohibitory
C. mandatory
Ο Ο
D. interim

Answers

Answer:

C. mandatory

Explanation:

A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior.

In circumstances where there are aberration, the law is enforced as a punishment and penalty for wrongdoings or misdeeds.

There are various types of law and these includes; criminal law, constitutional law, intellectual property law, corporate law, international law, family law, civil law, etc.

An injunction can be defined as a legal and equitable court order compelling (commanding) or prohibiting an individual, group or entity to either perform or cease from performing a specific action.

Basically, a court of competent jurisdiction is empowered by law to grant an injunction to a third party for further examination and trial.

Similarly, an injunction that requires a defendant or plaintiff to take an action or set of actions is a mandatory injunction.

Answer:

C. mandatory

Explanation:

Temporary and Permanent Injunctions ( Sections 36 & 37)Perpetual Injunctions ( Section 38)Mandatory Injunctions ( section 39)Damages in lieu of or in addition to Injection( Section 40)Injunction to perform a negative covenant( section 42)

Promoción de fabricante y de establecimiento (diferencias)

Answers

Answer:

Become a biusness man

Explanation:

Which of these currencies is used in New Zealand?
A. The pound sterling
B. The dollar
C. The peso
D. The yen

Answers

I think the answer is B. The dollar

PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?

Answers

Explanation:

Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.

Distinguishing your qualities and shortcomings can be very significant. Not exclusively will it permit you to move toward assignments and difficulties with a superior comprehension of how to succeed and what traps to pay special mind to, yet it likewise permits you to viably convey what you can contribute, which is fundamental for things like new employee screenings.

You will need to complete the resumé worksheet for this assignment. Put the information into the box below for your grade.

Answers

Put the resumé worksheet so I will be able to help you with it

1. What is resistance?
utor effect of fricti​

Answers

Answer:

The description of the given question is explained throughout the section below.

Explanation:

The value of the property seems to be under competition from increasing numbers of marketers who'd like to acquire at around that price, the property's amount is increasing, which is defined as resistance.Its positions can sometimes be short-lasting if the fresh result of developments that influence the perceptions of such mainstream economy forward towards the commodity.

The expected return on Share Z is 17.50% with a beta of 1.90. If the risk-free rate is 8%, then what is the expected return on the market

Answers

Answer:

13%

Explanation:

Expected return on market = ((Expected return - Risk-free rate) / Beta) + Risk-free rate

Expected return on market = ((17.50% - 8%) / 1.90) + 8%

Expected return on market = 9.5%/1.90 + 8%

Expected return on market = 0.05 + 0.08

Expected return on market = 0.13

Expected return on market = 13%

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The tools to distinguish the thickness of two objects of thickness of 1.92mm and the other with thickness of 1.93mm is ? PLEASE HELP ASAP!!! Do you believe the United States should send aid to India? Does the sentence contain a pronoun agreement error?Whenever many of the mayor's advisors meet in Troy Bolton's tree house, they finish all their work. The Core Company had the following assets and liabilities as of December 31: Assets Cash $58,000 Accounts receivable 25,000 Inventory 20,000 Equipment 50,000 Liabilities Current portion of long-term debt $20,000 Accounts payable 12,000 Long-term debt 25,000 Calculate the current ratio, working capital, and quick ratio. If required, round your answers to one decimal place. Current Ratio fill in the blank 1 Working Capital $fill in the blank 2 Quick Ratio fill in the blank 3 is y = 2(5)^x + 1 linear, exponential, or quadratic? what good allowed for aksums trade to grow The great European fear of witchcraft Select one: a. began before the Reformation and lasted through the seventeenth century. b. was an exclusively Catholic phenomenon not found in Protestant countries. c. was an exclusively Protestant phenomenon not found in Catholic countries. d. was fueled by the tales of gypsies. Explain the relationship between physics and mathematics. Two congruent squares are shown in Figures 1 and 2 below. I need answer quick! please help me i really need help please Old Major communicates what to the other animals? a. the value of an education b. a dream he hadc. a plan for leaving the farm Calebs life goals and expenses to complete the below about his budgeting there are 10 goals 17. ____ Objects with more mass havea. more gravity b. less gravityc. more accelerationd. less inerties Read the passage below carefully. Select the phrases that were borrowed from the Declaration of Independence.When, in the course of human events, it becomes necessary for one portion of the family of man to assume among the people of the earth a position different from that which they have hitherto [before] occupied, but one to which the laws of nature and of natures God entitle them . . . ,We hold these truths to be self-evident: that all men and women are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty, and the pursuit of happiness. . . .The history of mankind is a history of repeated injuries and [wrongful takings of power] on the part of man toward woman, having in direct object the establishment of an absolute tyranny over her . . .Now, in view of this entire [withholding of rights] of one-half the people of this country, their social and religious degradation,in view of the unjust laws above mentioned, and because women do feel themselves aggrieved, oppressed, and fraudulently deprived of their most sacred rights, we insist that they have immediate admission to all the rights and privileges which belong to them as citizens of the United States.Seneca Falls Convention Declaration of SentimentsMott, Lucretia, Mary Ann McClintock, Elizabeth Cady Stanton, Jane C. Hunt and Martha C. Wright. Declaration of Sentiments and Resolutions. Woman's Rights Convention, Seneca Falls, New York, July 19-20, 1848. Library of Congress, Rare Book and Special Collections Division, National American Woman Suffrage Association Collection. Which ordered pair is the solution tothe system of linear equations below?(Lesson 8)2x + y = -43x + 2y = -10(0,4)(6,-14)(-3,2)(2,-8) PLEASE LOOK AT THE PHOTO I REALLY NEED HELPFill in the blanks in the following postcard with the correct preterite forms.Hola, mama!Cmo ests: Estoy muy bien aqu en Quito. Primero, Jos y yo[Select]unos sndwiches ricos y[Select]con su mam un poco.Despus, decidimos ir al centro comercial. Jos y su mam[ Select)unas chaquetas en la tienda de ropa y yo[Select)Valgunas cosaspara la semana. A las cinco, la mam de Jos[ Selectpor telfonoal padre, y l (Select]del trabajo un poco despus. Nosotros[Select[ Selectla computadora antes de dormir.Y t? Selectesta semana? [Select]el regalo Forces can NOT change the direction of an object.True or False 9. OMG Corporation just paid a $1.50 annual dividend on each share. It is planning on increasing its dividend by 15 percent a year for the next 4 years. The corporation will then decrease the growth rate to a rate of 4 percent per year, and keep it that way indefinitely. The required rate of return is 7.00 percent. Calculate the current value of one share of this corporation's stock. As a means to curtail the use of presidential power, "congressional oversight"serves as a check of executive authorization andappropriation.