Which of the following is not a type of 4 organization in a capitalist system?
a. sole proprietorships
b. partnerships
c. collectives
d. corporations
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Ответ:
Collective is any type of organization in which the members have the same goal, it doesn't have to be in a capitalist system
the 4 type of organization in capitalist system are :
- Sole Proprietorship
- partnership
- corporations
- Limited Liability corporation
Ответ:
Journal entry for the issuance of Bonds:
It is given that on December 31, 2015, wintergreen, inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. That means the proceeds from issue of these bonds are 150,000*93.25/100 = $139,875 and the discount on issue of bonds shall be = 150,000-139875 = $10,125.
The Journal entry for the issuance of Bonds shall be as follows:
December 31, 2015
Account Titles Debit Credit
Cash $139,875
Discount on Bonds Payable $10,125
Bonds Payable $150,000
(Being bonds issued on discount)