I don’t know but you will get it
Answer:
The best answer would be C. Fourth National Bank made an assignment.
Explanation:
The Fourth National Bank made an allocation of the loan as it was belonging to the Bank of North America stating that they got a loan.
<span>Georgia company (a u.s. firm) wants to export to the country of Zumosa and conducts a country risk analysis. all country risk characteristics of Zumosa except a blockage of funds that are remitted by subsidiaries established in Zumosa should be examined for this purpose.</span>
Answer:
Net income will be decreased by $150.
Explanation:
Given:
The credit balance of interest payable (Opening) = $200
Credit balance of interest payable (Closing) = $50
Net income will be decreased by $150.
Decreased net income = credit balance of payable (Opening) - credit balance (Closing)
Decreased net income = $200 - $50
Decreased net income = $150
The interest of $150 was paid which would reduce the net profit.