That would be considered fraud. He would be lying to the IRS about his gambling thing going on in the back. He would most likely get some fines and charged for the money he earned from that side business.
Answer:
14 si no estoy mal creo que es 14
The journal entries are given below:
- For recording the accrued interest:
On Dec. 31
Interest Receivable $240
To Interest Revenue $240
(To record the accrued interest)
- For recording the receipts from the borrower
On Feb 1
Cash $9,920
To Interest Receivables $240
To Interest Revenue $80
To Notes Receivables $9,600
(To record the amount received from the borrower)
In this way, the journal entry should be prepared.
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Answer:
A) investing activities
Explanation:
The cash flow statement includes three sections which are Operating Activities, Investing Activities and Financing Activities. This means that non-cash operating activities is not a section in the cash flow statement.
In the section, operating activities is where the decrease or increase in the current assets and current liabilities is mentioned. Therefore, this sections does not state the long term assets affects. Financing activities refers to those funds that are affected by the change in non-current liabilities (such as bank loans) and capital.
Investing activities is the part in the cash flow statement where the impact of non-current assets (long term assets) are referred out such as acquisition and/or selling of properties, plant and equipment. Therefore, part A) investing activities is the correct answer.
Answer: unconstitutional under the First Amendment.
Explanation:
From the information provided, in Diners’ suit against the city, the court would likely hold the ban on printed materials to be unconstitutional under the First Amendment.
Under the First Amendment, any law that limits or ban freedom of expression, religion, peaceful assembly, petitioning of the government is prohibited. Therefore, the action of the city is unconstitutional.
