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Question - Read the news article - Gov't raises 134B from retail bond offering By Melissa Luz Lopez, CNN Philippines.
1. Describe the details of the bonds issued.
2. Assume that you are the accountant of one of the investors of the bonds. The investor purchased P10, 000,000.00 of RTB in February. Prepare journal entries for the purchase of the RTBs, accrual of interest and when the bonds are redeemed.
3. Why do you think the Government issues bonds?
4. Do you think issuing bonds by the government is effective and does it achieve its purpose?
5. Aside from issuing bonds, what do you suggests as other means of funding or can government source funds other than bonds?
Investment income of $ 3,000 was received in cash The fund liabilities for interest on bonds in the amount of $ 50,000 and principal in the amount of $ 100,000 were recorded, and cash for the total amount was transferred to the fiscal agent.
The equipment has a cost of 60,000,000 and already depreciates it 3/4 when it is sold. What are the missing adjusting entry
on march 1 cucumber co. began construction of a small building. the following expenditures were incurred for
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Question - The following information is provided for Pharoah Company and Flounder Corp.: What is Flounder's return on assets (rounded) for 2017
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