Answer:
Debit : Rent Expense $1,660
Credit : Prepaid Rent $1,660
Explanation:
The January 31 adjusting entry for rent expense would include a Debit to Rent Expense and Credit to Prepaid Rent - Asset Account at an amount of $1,660.
Calculation :
Rent Expense = 1/12 x $19,920 = $1,660
Answer:
Certified Development Company 504 Loan Program
Explanation:
The US Small Business Administration 504 Loan or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which also means real estate, buildings and machinery, at a price below the normal market rate. Its mission involve boosting the development of various businesses. The SBA offers a number of different loan programs linked to a particular capital need of growing businesses. The 504 program works by sharing the loan among three parties. The business owner puts in a minimum of 10%, a conventional lender which is the bank puts up 50%, and Certified Development Company (CDC) puts up the remaining 40%.
The right answer for the question that is being asked and shown above is that: "This is dissociation." <span>Clu, Dolf, and Elton do business as Fertile Valley Farm. Clu s relationship to the firm ends, but it continues to do business</span>
Answer:
D) All of the above have been proposed
Explanation:
The problem with the too big to fail financial policy is that financial institutions that are considered too big started to assume greater investment risks since they were treated differently than other not too big banks.
For example, if the FDIC decides that a too big to fail bank is about to fail, they will use the purchase and assumption method to ensure that the bank's depositors don't suffer losses, but the government assumes the losses and the government is paid by all of us.
The Dodd-Frank Act makes it harder for the Federal Reserve to bail out financial institutions, but that is simply not enough. Big banks have played enough with the taxpayers' money and should be held responsible for their actions. They at like spoiled children that go around breaking things because their parents will pay for them.
