On january 1 of 2015, parson freight company issues 9.0%, 10-year bonds with a par value of $3,400,000. the bonds pay interest semi-annually. the market rate of interest is 10.0% and the bond selling price was $3,168,967. the bond issuance should be recorded as:

Here the price of the bond ($3,168,967) is lower than the Par value of the bond ($3,400,000). Therefore, this bond is issued at a discount.

Bon discount amount = $3,400,000 - $3,168,967

=231,033

Journal entry for Bond issuance:

Cash $3,168,967

Discount on Issue of Bond $231,033

Bonds payable $3,400,000

answer; encouraging the development of innovations by firms attempting to break a monopoly; (creative destruction)

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.