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Rudik [331]
2 years ago
14

On November 1, 2018, Master's Co. borrows $500,000 from its bank for five years at an annual interest rate of 10%. According to

the terms of the loan, the principal amount will not be due for five years. Interest accrues monthly on the first day of each month, beginning November 1, 2018. With respect to this borrowing, Master's December 31, 2018, balance sheet included only a long-term note payable of $500,000. As a result:_______
a. Liabilities are understated by $12,500 accrued interest payable

b. Liabilities are understated by $4,167 accrued interest payable

c. The December 31, 2018, financial statements are accurately presented

d. Liabilities are understated by $8,333 accrued interest payable
Business
1 answer:
romanna [79]2 years ago
7 0

Answer:

b. Liabilities are understated by $4,167 accrued interest payable

Explanation:

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3 years ago
Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair
erastovalidia [21]

Given :

Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair market value of $ 28,000 and $2,000 cash.

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The flexible or telecommuting schedule is most likely an option offered in:
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3 years ago
Mario's is a pizza and pasta producer that experiences increasing opportunity cost. (a) Draw a production possibilities frontier
Bad White [126]

Answer:

(in the graph)

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What should designers gain from a critique that will enable them to improve their work?
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A designer gains a list of actionable items to improve the design from the critique.

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