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2 years ago

a zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized.

1 answer:

6 0

The statement is False. A zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized.

The noun discount manner a discount in fee of a very good or carrier. you could ask the supervisor for a reduction if the item is broken. As a verb, discount means to lessen the fee. The supervisor can discount the item for you. The verb cut price also approaches brush aside, underestimate, or brush aside.

In case you favor having the product shipped directly to you, our sister employer discount Tire Direct will deal with you. discount Tire Direct gives unfastened floor delivery on all in-inventory tires and wheels for the forty-eight contiguous states. here's the hyperlink to the internet site: home | cut price Tire Direct.

In step with company records, Halle chose the name cut price Tire as it implied clients may want to get a deal on a tire. He had six tires (4 of which had been retreads) and a portable air tank, which he had to fill at a local fuel station.

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roberta’s brokerage account contains 10 stocks. she has held five of those stocks for over two years, and she purchased the othe

tino4ka555 [31]

She should sell one of the stocks that she's held for over two years because long term gains receive preferential tax treatment

For the point of taxation, short term capital gains are treated as ordinary income , where as long term capital gains have preferential tax rates of 0%,15% or 20%, which depends upon the income level. Also effective tax rates on the long term capital gain is lesser than the short term capital gain.

With the top incomes paying about half the taxes on capital income as earned income, this preferential rate is one of the most expensive in the tax law and is regarded as a tax expenditure.

A capital gain is profit from the sale of an asset, like a business, stock, piece of art, or parcel of land.

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5 0

2 years ago

A country cannot produce a mix of products with a higher value than where __________. a. the isovalue line is below the producti

Pie

Answer:

The correct option is E

Explanation:

Isovalue lines define a relationship between the production of 2products in which the total market value is constant.

Value of the output can be calculated with following formula:

V= Pi*Qi+Pj*Qj

All industries try to achieve the highest value of the output that is possible. This can happen at point where isovalue line is tangent to PPF.

3 0

4 years ago

The Management Discussion and Analysis section of the annual report can best be described as:

navik [9.2K]

The Management Discussion and Analysis section of the annual report can best be described as c. Biased but informative.

Explanation:

Biasing is an unfair activity in which the person favors one side and opposes the other. Biased people always exhibit prejudiced thinking.

These kinds of people think only from their side and they don’t think “out of the box”.

The management will be always biased when discussing about the annual report. The report provided by them in the discussion will be informative. But still it will be favored for someone and opposing another person.

5 0

3 years ago

Read 2 more answers

At the beginning of the year, Plummer’s Sports Center bought three used fitness machines from Advantage, Inc. The machines immed

Sidana [21]

Answer: Please see below

Explanation:

Machine A Machine B Machine C

Amount paid for asset $ 11,000 $ 30,000 $ 8,000

Installation costs 500 1,000 500

Renovation costs prior to use 2,500 1,000 1,500

total cost $14,000 $32,000 $10,000

Machine Life Residual Value Depreciation Method

A 5 years $1,000 Straight-line

B 60,000 hours 2,000 Units-of-production

C 4 years 1,500 Double-declining-balance

 for machne A, using Straight line Depreciation

Straight line Depreciation = total cost of asset - residual value /useful life

=14,000-1000/5= $,2,600

 for machne b, using units of operation with production time = 4800

units of operation Depreciation= total cost of asset - residual value /useful life x Production time = ((32,000-2000)/60,000) x 4800= $2400

for machne b, using Double-declining-balance

Double-declining-balance depreciation = (cost of asset - accumulated depreciation/ useful life of asset) x 2 =(( $10,000- 0)/4) x2 = $5000

Journal for machine A at end of year 1

Account Debit Credit

depreciation expense $2600

accumulated depreciation $2,600

Journal for machine B at end of year 1

Account Debit Credit

depreciation expense $2400

accumulated depreciation $2,400

Journal for machine C at end of year 1

Account Debit Credit

depreciation expense $5,000

accumulated depreciation $5,000

4 0

4 years ago

Lay Perfect Pillow Company sells specialty pillows and accessories to customers. Its fiscal year ends on December 31. The follow

Novosadov [1.4K]

Answer:

Accrual Basis

Explanation:

The cash accounting basis only treats transactions only as and when cash is paid or received. It ceases to recognize liabilities, debtors, investments etc. Which limits the amount of information available to the users.

With the Accrual Basis, it provides very useful information to the users, such as investments made, the capital position of the entity the risk associated with investing in the entity considering the credit rating of the entity through its Liability to Asset computation. Accrual basis also help the user know the quality of management staff available, since information such as Creditors collection period and Turnover rate. Which can tell how efficient the management is working. In addition the Accrual basis includes the cash basis because of the preparation of the cash flow statement.

5 0

3 years ago