Answer:
Explanation:
The adjusting entries are shown below:
a. Unearned Fees A/c Dr $82,760
To Fees Earned A/c $82,760
(Being unearned fees are adjusted)
For recording the transactions we debited the unearned fees account and credited the fees earned account
b. Accounts Receivable A/c Dr $32,640
To Fees Earned A/c $32,640
(Being accrued fees recorded)
As the earned fees do not bill so we debited the account receivable account and credited the fees earned account
When the individual calculates the effective rate of the loan, the most appropriate statement is the effective rate will exceed the nominal rate.
<h3>What is effective annual rate?</h3>
The effective annual rate (EAR) is the interest rate for the entire year. Interest Charges Interest expense is incurred when a corporation funds itself with debt or capital leases.
Interest appears on the income statement, but it can also be earned on an investment or paid on a loan as a result of compounding interest over time.
It is usually higher than the marginal rate and is used to evaluate different financial products with varying compounding periods - weekly, monthly, yearly, and so on.
When the number of compounding periods is increased, the effective yearly interest rate rises over time.
Therefore, the correct option is A.
Learn more about the effective rates of the loans here:
brainly.com/question/2405320
Answer:
B. Keynesian
Explanation:
Keynesian economics or theory believes that government can boost the economy and stimulate or increase demand, in times of economic downturn, by increasing spending and lowering taxes.
This increase in government activities will create jobs and reduce unemployment and lead to more spending and investment, by individuals and businesses, in the economy.
Answer:
The answer is A. TRUE
Explanation:
Realized loss like depreciation or amortization are added back to the net income under the cash flow from operating activities section.
Realized gain/loss is the total amount of realized gains and losses resulting from the sale of investment or securities.
This is usually done under the indirect method of cash flow. This does not occur under the direct method of cash flow
