Answer: True
Explanation:
As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.
The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.
This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.
Answer:
$626,000
Explanation:
Kela corporation has a net income of $550,000
Depreciation expense is $76,000
Cash is $53,000
Therefore the total cash inflows from operating activities can be calculated as follows
=$550,000 + $76,000
$626,000
Hence the total cash inflow from operating activities is $626,000
Answer:
:: Selective Exposure - consumers actively choose messages which they want to see
:: Selective Attention -consumers decide how much attention they would like to give to a message
:: Selective Comprehension - consumers interpret information so that it is consistent with their beliefs and
values
:: Motivation- -energizing force which causes action to satisfy a need
:: Attitude - predisposition to respond to a product or brand in a favorable or unfavorable
way
Explanation:
Answer:
.b This is a bilateral contract, and Mark is entitled to nothing because he did not perform
Explanation:
The contract is bilateral as obligation to perform exist for both parties.
Helen is obligated to pay the reward to the person who finds the cat and bring her home.
As Mark didn't find the cat it didn't perform (find the cat) Helen is not obligated to payup the reward for Fluffy
