Answer:
Debit Merchandise Inventory $250
Credit Accounts Payable $250
Explanation:
On the purchase date, the correct action is to recognize the $250 owed to the supplier for the German chocolate by crediting accounts payable and debiting merchandise inventory with the same amount.
When the payment occurs on March 31, 2014, the accounts payable will be cleared by a debit, and the cash account will be credited with $250 to reflect the cash outflow from the business.
Answer:
$1 million
Explanation:
The anticipated payout for holders of bond B is the total recoverable amount from asset liquidation, minus the secured bond A's valuation which stands at $2 million.
The recoverable figure includes the office building valued at $1 million alongside $2 million worth of additional assets.
This is justified as bond A is secured against the office building worth $1 million, making both bonds equal in standing at $1 million each from the proceeds available afterwards.
Answer:
the right response is
A. You appreciate the opportunity and would be delighted to set up an appointment with anyone who requests it.
good luck
