Poe, inc., had the following bank reconciliation at march 31: balance per bank statement, 3/31$46,500add deposit in transit10,300$56,800minus outstanding checks(12,600)balance per books, 3/31$44,200data per bank for the month of april follow: deposits$58,400disbursements49,700a ll reconciling items at march 31 cleared the bank in april. outstanding checks at april 30 totaled $7,000. there were no deposits in transit at april 30. what is the cash balance per books at april 30? a. $55,200b. $58,500c. $48,200d. $52,900

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

An essential element of being receptive to messages is to have an open mind true or false

Experienced problem solvers always consider both the value and units of their answer to a problem. why?