Kane corp. obtained a loan for its business from a commercial bank by providing its property as collateral. subsequently, it failed to repay the loan to the bank. what immediate action could the bank take as a way of disposal of property? 1. sale of property 2. debt repayment of property 3. repossession of property 4. abandonment of property 5. like kind exchange of property

Need true or false 1 2 3 4 5 6 7 8

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: