Answer:
Resources are limited
Explanation:
Consumers must make choices about what to buy and what to forgo because resources are limited.
Answer:
The mortgage interest amount will be "Zero (0)".
Explanation:
A property to pay. Unless the apartment is started renting for 15 days or more in one year as well should not be used for private purposes for even more of some
(1) 14 days as well as
(2) 10% of the total rentals days, the apartment shall be considered as rental home.
Gross income = $7000
Now,
![Total \ expenses = (2500+9000+2400+1000+7500) - personal \ deduction[(2500+9000+2400+1000+7500)\times \frac{13}{100} ]](https://tex.z-dn.net/?f=Total%20%5C%20expenses%20%3D%20%20%282500%2B9000%2B2400%2B1000%2B7500%29%20-%20personal%20%5C%20deduction%5B%282500%2B9000%2B2400%2B1000%2B7500%29%5Ctimes%20%5Cfrac%7B13%7D%7B100%7D%20%5D)
On putting the values, we get
⇒ 
⇒ 
And, Net rental loss will be:
So that the Mortgage interest itemized will be "0"
.
Answer:
d. Line 3
Explanation:
Generally, the liabilities are classified as current and long term based on their duration, on the date of issue of notes payable the liability is long as the period is of 1 year, whereas generally notes payable are not for 1 year and are termed as short term i.e. current liabilities.
But, on 31 Dec 2017 the period to pay the notes payable and the interest thereon is just of 7 months left, therefore on the balance sheet date both the liabilities will be considered and clarified as Current Liabilities.
Therefore, correct option is
d. Line 3
Answer:
b
Explanation:
i dont really know,can someone explain to mee
Answer:A. A contract to deliver a praticular commodity to a buyer sometime in the future.
Explanation:
