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anyanavicka [17]
3 years ago
7

When does information become a liability for an organization?

Business
1 answer:
kobusy [5.1K]3 years ago
4 0
A liability is something a company owes. A debt to creditors. Information if thought of in a somewhat same sense of money is like once information is holding the company down (like how liabilities hold money back from revenue) it becomes a liability
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As DVDs become popular as a substitute for the video cassettes, we will be expecting that the demand for the video cassettes will likely to "decrease". People found out and observed that DVDs has a better performance and can produce a good quality of sound. The prices of the two almost the same but the quality are different. 
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As liv golf expands to 14 events in 2023, how much money will be available to competitors in the upcoming season?.
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<h3><u>LIV golf - what is it?</u></h3>

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4 0
1 year ago
Having a low credit score can make it more difficult to: a obtain a car loan b open a new credit card c secure an apartment leas
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2 years ago
The following bond investment transactions were completed during 2016 by Starks Company:
saw5 [17]

Answer:

31st Jan 2016

Dr Bond Receivable        75,000

Dr Interest Receivable    375

Cr Cash                            75,375

(to record the bond purchase)

* working note: Bond proceed = 75 x 1,000 = 75,000; Interest receivable = 75,000 x 6% x 30/360 = 375)

1st Jul 2016

Dr Cash                             2,250

Cr Interest Income           1,875

Cr Interest Receivable     375

(to record interest receipt on bonds holding, in which 5 months of it ( 75,000 x 6% x 5/12 is recorded as Income, the other one is recorded as collection of Income earned by the bond's seller)

29th Aug 2016

Dr Cash                                          34,650

Dr Loss on bond Investment        700

Cr Interest income                        350

 Cr Bond Receivable                    35,000

( to record the Sold 35, $1,000 bonds at 98% plus $350 accrued interest = 35,000 x 98% + 350 = 34,650)

31st Dec 2016

Dr Interest Receivable                1,200

Cr Interest Income                      1,200

( to record the interest earned on 40,000 bonds outstanding)

Explanation:

6 0
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