Answer:
B. Because cash equivalents are less liquid than cash, they must be reported separately from the Cash account
Explanation:
The <em><u>combined amount of cash and cash equivalents</u></em> will be reported on the balance sheet as the first line item in the section with the heading current assets.
These cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase.
In other words, there is very little risk of collecting the full amount being reported.
Answer:
gain from the debt restructuring = $160,000
Explanation:
given data
principal = $600,000
rate = 10%
settlement = $500,000
to find out
gain from the debt restructuring in income statement
solution
we get here owed a total that is
owed a total = Principal + Unpaid interest ...............1
put here value
owed a total = $600,000 + $60,000
owed a total = $660,000
and
gain from the debt restructuring is here as
gain from the debt restructuring = owed a total - settled .......2
gain from the debt restructuring = $660,000 - $500,000
gain from the debt restructuring = $160,000
In this scenario in which the needs, wants and specific requests from each customer (flyer) are heard and provided, Kirksand airlines has based its customer relationship management on the trend of personalization. The concept of personalization in CRM includes marketing and customer approach focused on <span>individual users' characteristics or preferences.</span>
Answer:
the correct answer is *not spending all their current incomes.
Explanation:
if you look at all the other options, they are not creating wealth but depletes it away. the only way to build wealth is by investing and saving over time. ideally, by not spending all their current income.
Answer:
Instalment receivables (net) of $2,905,600 is the correct answer.
Explanation:
Instalment Receivables ($5,000,000 - $460,000) = $4,540,000
Deferred gross profit ($1,800,000 - $165,600) = $1,634,400
Instalment Receivables (Net) = $2,905,600
