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bulgar [2K]
3 years ago
5

On February 1st, H&B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment of $

300 was received. Which of the following best describes when interest revenue should be recognized?a. At a point in time (February 1stb. At a point in time (March 15th)c. At a point in time (March 31st)d. Over time
Business
1 answer:
irina [24]3 years ago
6 0

Answer:

d. Over time

Explanation:

The interest revenue will be recognize over time, regardless of the payment

If we only recognize revenue at payment due, if the bank client doesn't paid then we cannot recognize the accrued interest receivable.

We will recognize over time.

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Which of the following is a business organization owned by a group of people for their mutual benefit?
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 A cooperative. <span>A </span>cooperative--<span>a business owned by a group of people to meet mutual (economic, social and cultural needs and aspirations).</span>
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3 years ago
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E10-1 On March 1, 2021, Beldon Corporation purchased land as a factory site for $60,000. An old building on the property was dem
Keith_Richards [23]

Answer:

The amounts that Beldon should capitalize as the cost of the land and the new building is $64,900 and $528,500 respectively

Explanation:

The computations are shown below:

For land:

= Purchase value of the land + Demolition of old building + Legal fees for title investigation of land - Salvaged materials

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4 0
3 years ago
Which of the following is TRUE?​ a. ​All of the above b. ​Attending and listening are the ways in which you communicate empathy.
AysviL [449]

Answer:

a. All of the above

Explanation:

Attending refers to being present or being available for someone. Listening refers to patiently hearing the client and their issues.

Attending and listening are the ways which depict the trait of empathy, which refers to sympathizing with understanding and trying to experience others feelings.

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3 0
3 years ago
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Gemiola [76]
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7 0
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Softa [21]

Answer:

Check the explanation

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8 0
3 years ago
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