Answer:
Check the explanation
Explanation:
Particulars Amt
Opening Cash 51907
Add: Cash Received (13400+4500) 17900
Less: Payment to supplier 5500
Less: Operating Expenses Paid 48950
Closing Cash Balance 15357
Answer:
No ; kindly check explanation
Explanation:
1.)
Colleen's decision to provide incomplete document is unprofessional and collen has literally tried to conceal useful information required by the bank before making a decision. Hence, Colleen's act is unprofessional.
. What types of information would business owners be willing to provide bankers?
2.) Business owners will only be willing to disclose to banks information which showcase ands acknowledge that their business is prospering as this will fast track their loan application and worth.
3.) Banks wants information which will disclose the performance of the business making the loan application, information including business worth and periodic revenue or profit.
4.)
* Flexibility on repayment plan
* Balanced interest charge
* Less risk
* steady repayment when due
<span>The answer is A.$0
Since, the Apexoria Bank is not a member of FDIC, no money of Diana is FDIC protected.</span>
Answer:
The adjustment balance will be of 18,000
Explanation:
We should build Accounts Receivables T-account to get the adjusted balance:
Accounts Receivables
<u>DEBIT CREDIT</u>
15,000 UNADJUSTMENT
<u> 3,000 ADJUSTMENT</u>
18,000 ADJUSTED BALANCE**
**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000
Answer:
B) reports AGI of $90,000 with a $10,000 passive loss carryover.
Explanation:
regular business income $90,000
passive income:
- Activity A: $20,000 gain
- Activity B: $30,000 loss
Mark's adjusted gross income will include the income from his normal business activities = $90,000. But he should also report the passive activities which result in a net loss of $10,000 (= $20,000 - $30,000 = -$10,000). This loss from his passive activities must be reported as passive loss carryover.