Here, in the given case, Mort was offered a <u>line of credit </u>financial facility. Therefore, Option D is the correct choice.
<h3>What is a line of credit?</h3>
A line of credit is a versatile mortgage from a monetary group that includes a described amount of cash that you could access as needed and pay off both right now or over time. Interest is charged on a line of credit as quickly as money is borrowed.
The missing information in the question is given below:
A. revolving credit agreement.
B. asset guarantee pledge.
C. pledging agreement.
D. line of credit.
Therefore, Here, in the given case, Mort was offered a<u> line of credit </u>financial facility. Therefore, Option D is the correct choice.
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Answer: Option (D) is correct.
Explanation:
If the potential GDP is 70 and economy is in recession. Potential GDP is the GDP of an economy which can be achieved with the best utilization of economy's resources.
The amount of the shortfall in planned aggregate expenditure is equal to the vertical distance between the 45 degree line and the AE = Y, at a level of potential real GDP. 
This is also shown by an arrow in the diagram.
 
        
             
        
        
        
 Answer:
When the purchase price is lower than the fair market value, accountants generally refer to this as negative goodwill. All negative goodwill must be reported as a gain. 
the net fair market value of assets = $1,069,200 + $2,494,800 - $594,000 = $2,970,000
gain = fair market value - purchase price = $2,970,000 - $2,178,000 = $792,000
Another way to refer to this type of situation is a bargain purchase. 
 
        
             
        
        
        
Hello,
Here is your answer:
The proper answer to this question is option B "false".
Here is how:
It is regular for a person to get a speeding ticket or break the law somehow on a daily basis.
Your answer is B.
If you need anymore help feel free to ask me!
Hope this helps!
        
             
        
        
        
Answer:
$49,690 credit balance
Explanation:
total credit sales = $590,000
past due up to 180 days = $110,000
past due for more than 180 days = $79,000
Crimson expects to not collect:
- 3% of credit sales not due yet = $590,000 x 3% = $17,700
- 14% of credit sales past due up to 180 days = $110,000 x 14% = $15,400 
- 21% of credit sales past due for more than 180 days = $79,000 x 21% = $16,590
- total = $49,690
Allowance for uncollectible amounts has $3,500 debit balance
the adjusting entry should be:
Dr Bad debt expense 53,190
     Cr Allowance for uncollectible accounts 53,190
The ending balance = $53,190 - $3,500 = $49,690