Answer: Statement C and Statement D
Explanation:
A. A balance sheet reports assets liabilities and capital balances of an entity at a specific point of time.
B. An income statement reports on the revenues earned and the expenses incurred to earn those revenues for a period of one year.
C. Statement of equity reports changes in equity.
D. Cash flow statement shows inflow and outflow of cash from operating , investing and financing.
E. A balance sheet reports companies assets and liabilities at the end of the year.
Answer:
Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.
Explanation:
Answer: $1,063,000
Explanation:
Net realizable value is the value of an asset that a company will get when the asset is sold minus the cost that came with the asset sales.
The net realizable value of the accounts receivable will be the accounts receivable of $1,100,000 minus the allowance for uncollectible accounts which was given as $37,000.
= $1,100,000 - $37,000
= $1,063,000
Basically, an interest rate is an amount that is added on top of the principal amount most especially in loans. This is expressed in a form of percentage, depending on the amount and interest rate being agreed upon. The answer for this would be the second option. Hope this helps.
