FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9 Not yet answered Marked out of 2.00 On 1/1/2018, Al Farah Co. purchased RO 80000 bonds of 12 % bonds from Oman Arab

image text in transcribed
Question 9 Not yet answered Marked out of 2.00 On 1/1/2018, Al Farah Co. purchased RO 80000 bonds of 12 % bonds from Oman Arab bank, interest is payable each July 1 Jan.1, the face value of bond Omr 50. Which of the following the journal entries on 31.12. Flag question Select one: a. Interest Receivable 4800 Interest Revenue 4800 b. Cash 24000 Interest Revenue 24000 O c. The correct answer not available. Cash 4800 Interest Revenue 4800 O e Cash 4800 Interest Receivable 4800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of EDP Auditing

Handbook Of EDP Auditing

Authors: Michael A. Murphy, Xenia Ley Parker

2nd Edition

0791304116, 978-0791304112

More Books

Students also viewed these Accounting questions

Question

★★★★★
Find the frequency domain impedance, Z, for the network shown. 32

Answered: 1 week ago

Question

★★★★★
Describe the changes in reporting requirements under GASB Statement No. 34. LO4

Answered: 1 week ago

Question

★★★★★
Write a SAS program using the model of Exercise 4.1 to carry out the analysis of the data described in Exercise 4.1.

Answered: 1 week ago

Question

★★★★★
Carver Inc. purchased a building and the land on which the building is situated for a total cost of $700,000 cash. The land was appraised at $320,000 and the building at $480,000. Required a....

Answered: 1 week ago

Question

★★★★★
Question 9 Not yet answered Marked out of 2.00 On 1/1/2018, Al Farah Co. purchased RO 80000 bonds of 12 % bonds from Oman Arab bank, interest is payable each July 1 Jan.1, the face value of bond Omr...

Answered: 1 week ago

Question

★★★★★
"Flash in a Flash sells three types of digital memory devices: Secure Digital (SD), CompactFlash (CF), and Memory Sticks (MS). The following table reveals average per unit selling price, average per...

Answered: 1 week ago

Question

★★★★★
Question: What is the effect of using the transient keyword on a field in a Java class? A) It makes the field accessible only within the class. B) It prevents the field from being serialized. C) It...

Answered: 1 week ago

Question

★★★★★
Question: What is the outcome if a class in Java is marked as abstract? A) The class cannot have any methods implemented. B) The class cannot be instantiated directly. C) The class can only contain...

Answered: 1 week ago

Question

★★★★★
Question: What is the role of the default keyword in Java interfaces? A) It allows interface methods to have a body with a default implementation. B) It makes the interface methods static and...

Answered: 1 week ago

Question

★★★★★
Question: What is the effect of using the synchronized keyword on a method in Java? A) It makes the method execute faster by reducing CPU usage. B) It allows multiple threads to execute the method...

Answered: 1 week ago

Question

★★★★★
Question: What happens when a Java class is declared as abstract? A) It can be instantiated directly. B) It cannot have any constructor. C) It must contain at least one abstract method. D) It cannot...

Answered: 1 week ago

Question

★★★★★
What will you do or say to Anthony about this issue?

Answered: 1 week ago

Question

★★★★★
A Many celebrities (including Ricky Martin, Selena Gomez, Laurence Fishburne, and Edward Norton) work with the United Nations as goodwill ambassadors for a variety of specific causes. Why do you...

Answered: 1 week ago

Question

★★★★★
C Do many Americans dismiss the plight of refugees as something that is not a problem? Does putting a human face on displaced people make them seem more real?

Answered: 1 week ago

Previous Question Next Question