Business, 27.07.2021 23:30 richdakid26
A company has taken a bank loan of $200,000 in December and will make its only payment for interest when the note comes due six months later. The total interest for the six months will be $12,000. On the December income statement, the accountant reported an interest expense of $2,000. This action was the result of which accounting principle/guideline?
Answers: 2
Business, 21.06.2019 20:20
Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answers: 2
Business, 21.06.2019 20:40
Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t
Answers: 1
Business, 22.06.2019 02:00
What is the main role of ctsos at the local level? at the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events.1. a.internsb.traineesc.members2.a.participateb.trainc.win
Answers: 3
Business, 22.06.2019 09:30
What is the relationship among market segmentation, target markts, and consumer profiles?
Answers: 2
A company has taken a bank loan of $200,000 in December and will make its only payment for interest...
Chemistry, 08.04.2020 18:21
Mathematics, 08.04.2020 18:21
Mathematics, 08.04.2020 18:21
Mathematics, 08.04.2020 18:21
Mathematics, 08.04.2020 18:21
Mathematics, 08.04.2020 18:21
Mathematics, 08.04.2020 18:22
Mathematics, 08.04.2020 18:22
Computers and Technology, 08.04.2020 18:22
Mathematics, 08.04.2020 18:22
Chemistry, 08.04.2020 18:22