Answer: Kathleen
Explanation:
English Rule is that it does not matter about anyone else in the case. So long as John owes money to Kathleen, then Kathleen is the one who can claim the money.
Answer:
Management is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.
Explanation:
Hope it's help
Answer:C
Explanation: Collectability of the receivables is in doubt
Answer:
The correct answer is b. $30,000.
Explanation:
The depreciation is systematic allocation of cost of asset over its useful life. In straight line method cost is allocated evenly during the period of asset usage. Detail calculations are given below.
Depreciation expense = Cost of asset/Useful Life
= 90,000/3
= 30,000
Answer:
(C) Collected cash for the principal balance of a note receivable
Explanation:
This is so because paying off principal balance of a note payable will definitely reduce cash asset and ultimately lead to liabilities of note payable. The cash outflow from the payoff of the note payable would be classified as a financing activity, and this way the the income statement is not affected.
