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lozanna [386]
1 year ago
6

A local county commissioner is under fire for utilizing an out-of-county florist owned by her daughter to purchase flower arrang

ements for the county. This was likely seen as:
Business
1 answer:
Nastasia [14]1 year ago
5 0
A conflict of interest
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Qwest Communications International, Inc. borrowed $499,000 on November 1, 2021, and signed a 12-month note bearing interest at 8
kobusy [5.1K]

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Interest Payable - 2021 = $6653.33  rounded off to  6653

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The accrual principle in accounting requires the revenue and expenses for a period to be matched and recorded in their corresponding or respective periods. Thus, even though the interest on note will be paid at maturity in 2022, the interest expense related to the month of November 2021 and December 2021 will be recorded in the current year at 31 December as interest payable.

Interest Payable - 2021 = 499000 * 8% * 2/12

Interest Payable - 2021 = $6653.33  rounded off to  6653

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The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice q
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You are a struggling song writer. You hear a group on the radio singing a song
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