Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

USAI D promised to donate $9 million for refugees studying in Jordan University on August 2019, by making equal payments for the next 3 years

USAI D promised to donate $9 million for refugees studying in Jordan University on August 2019, by making equal payments for the next 3 years on December 31 starting from the year 2019, applying a discount rate of 3%, the present value is $2.82861. Required: Record the necessary transactions for the years 2019 and 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

=+ (e) The r of (i) must coincide with the R. f = R*f of (ii). A note on terminology. An f on the general (2, 7, u) is defined to be integrable not if (15.12) holds, but if (16.1) does. And an f on...

Answered: 1 week ago

Question

★★★★★

Pollution Busters Inc. is considering a purchase of 10 additional carbon sequesters for $ 100,000 apiece. The sequesters last for only 1 year before becoming saturated. Then the carbon is sold to the...

Answered: 1 week ago

Question

★★★★★

Which of the following can be associated with a cell range? Select all that apply. A 5 :E 2 5 a cell location that is used in a formula entered on a worksheet a contiguous block of cells highlighted...

Answered: 1 week ago

Question

★★★★★

Hannibal Steel Company has a Transport Services Department that provides trucks to haul ore from the company's mine to its two steel mills--the Northern Plant and the Southern Plant. Budgeted costs...

Answered: 1 week ago

Question

★★★★★

The system shown starts from rest. The length of the upper cord is adjusted so that A, B, C are initially at the same level. Each component moves with constant acceleration. After 2 seconds, block C...

Answered: 1 week ago

Question

★★★★★

Why did very few French settlers move to New France in the seventeenth century? Oa. France made extensive use of indigenous labor and did not need many settlers. O b. The treaty of Nantes prevented...

Answered: 1 week ago

Question

★★★★★

Which factor contributes to the obsolescence of traditional quality management approaches in today's globalized marketplace? Question 36 Answer a. Failure to adapt to changing regulations b....

Answered: 1 week ago

Question

★★★★★

25. A vector 20 inches in length forms angles of 58 and 22 with two component vectors. Find the magnitudes of the two vectors. The magnitude of one vector = ? A. 17.2 inches B. 23.2 inches C. 12.5...

Answered: 1 week ago

Question

★★★★★

Kathryn is conducting a needs analysis to determine what financial losses organization ABC faces as a result of certain changes in governmental policies. Kathryn is most likely: A leader in the...

Answered: 1 week ago

Previous Question Next Question