Answer:
Cash Dr $120,000
To Note payable $120,000
(Being the issued of note payable is recorded)
Explanation:
The journal entry is shown below:
On April 1
Cash Dr $120,000
To Note payable $120,000
(Being the issued of note payable is recorded)
For recording this entry we debited the cash as it increased the cash balance and at the same time it also increased the liabilities so liabilities is also increased so that the issuance of the note payable could be recorded
If they are leading you to work hard for a career then its a Career Coach
Answer:
C. There are more partnerships and sole proprietorships than corporations in the U.S., but corporations produce more goods and services than do other forms of business.
Explanation:
The reason of this is the complexity of the process.
In general , forming partnership and sole proprietorship have lesser requirements than forming a corporation. So most business owner choose these based on convenience purposes.
That's being said, it is far easier for corporations to gather capital for their operation. They can do it by selling stocks /part ownership of their company. Larger capital means hat corporations will have more money to buy things such as materials and machinery. This is why corporations produce more goods and services than do other forms of business.
Answer:
Hi,please write what you think is the best.
Thank you
A stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent. what must the beta of this stock be? (do not round intermediate calculations. round your answer to 2 decimal places,
