if executive airways borrows $10 million on April 1, 20x1, for one year at 6% interest, interest expense does it record for the year ended December 31, 20x1 $450,000.
<h3>Which of the following statements about the current ratio and acid-test ratio quillet is accurate?</h3>
Always at least equal to the acid-test ratio is the current ratio. Assume that the current ratio for Airline Accessories is greater than 1.
<h3>In which of the following is a current liability reported?</h3>
Commonly, current assets—assets that are depleted within a year—are utilized to settle current liabilities. Accounts payable, short-term debt, dividends, notes payable, and unpaid income taxes are a few examples of current obligations.
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It seems that you have missed the necessary options for us to answer this question, but anyway, the answer is TRUE. It is true that generally, cash basis taxpayers must account for payments of prepaid interest using the accrual method. Accrual basis taxpayers<span> recognize income when it is earned, regardless of when it is received. Hope this helps.</span>
Answer:
The answer to this question is option C. $560
Explanation:
We can let the price of each hollow pine door = d and of each solid oak door = 2d.
Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.
With a 25% discount, each solid oak door is 0.75(80) = 60.
So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.
Hence the answer is C
Answer:
correct option is Equivalence Theorem
Explanation:
solution
correct option is Equivalence Theorem because equivalence theorem is known as Ricardian equivalence theorem
it states that increases in government spending that have no effect on consumer spending because when government spending increase the consumer predicts the tax cut and high spending will increase the tax rate in future to pay the debt back
so correct option is Equivalence Theorem