It's called dividend. It's their share of the profit
In an amortized loan, the interest portion of the mortgage payment generally <u>decreases</u> over the life of the loan.
An amortized loan is a loan in which the loan amount is repaid over the life of the loan according to an amortization schedule, usually in equal payments. Similarly, amortizing bonds are bonds that repay a portion of the principal along with coupon payments.
Mortgage payment is the amount we pay for our mortgage each month. A monthly payment has four main parts: principal, interest, taxes and insurance.
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Answer:
debit to Bad Debt Expense for $5800 is the correct answer.
Explanation:
Answer:
a. $4,0000
b. $275,000
c. $55,000
Explanation:
In this question, we apply the accounting equation which is shown below:
Total assets = Total liabilities + stockholder equity
a. The stockholder equity would be equal to
= Total assets - total liabilities
= $150,000 - $110,000
= $40,000
b. New liabilities = $170,000
And, the new stockholder equity = $105,000
So, the total assets = Total liabilities + stockholder equity
= $170,000 + $105,000
= $275,000
c.The change in total stockholder equity equals to
= Increased value of total assets - decreased value of total liabilities
= $35,000 - (-$20,000)
= $35,000 + $20,000
= $55,000