During 2018 marquis company was encountering financial difficulties and seemed likely to default on a $300,000, 10%, four-year note dated january 1, 2016, payable to third bank. interest was last paid on december 31, 2017. on december 31, 2018, third bank accepted $250,000 in settlement of the note. ignoring income taxes, what amount should marquis report as a gain from the debt restructuring in its 2018 income statement?
a) $20,000.b) $50,000.c) $80,000.d) $0.

What would be the input, conversion and output of developing a new soft drink

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.