1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikolay [14]
3 years ago
15

Deere company holds a​ $10,000 note receivable dated july​ 1, 2015, with​ 10% interest. what adjusting entry is needed on decemb

er​ 31, 2015?
a. no entry is needed.
b. debit interest receivable for​ $500 and credit interest revenue for​ $500
c. debit interest receivable for​ $1,000 and credit interest revenue for​ $1,000
d. debit interest receivable for​ $100 and credit interest revenue for​ $100
Business
1 answer:
Ket [755]3 years ago
7 0
<span>b. debit interest receivable for​ $500 and credit interest revenue for​ $500
</span>
You might be interested in
The investor-supplied items—debt, preferred stock, and common equity—are called capital components. Increases in assets must be
Brrunno [24]

Answer:

True

Explanation:

The statement is true; companies usually attain extra financing either by debt or equity (Preferred stock or common stock). Organisations for the most part have a decision with respect to whether to look for Preferred stock, common stock or Debt financing. The decision frequently relies on which source of financing is most effectively available for the organisation. Firms and organisation use that extra funds from stock to invest in new ventures and to buy new machinery, which increases the overall assets of the company.

6 0
3 years ago
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retain
natulia [17]

Answer:

$74,400

Explanation:

Pell Company

Pell's income from Demers for the year ended December 31, 2010

Controlling Interest Share of Net Income for 2010- Excess Fair value Annual Amortization

Controlling Interest Share of Net Income for 2010= ($100,000 × .80) $80,000

Less Excess Fair Value Annual Amortization =($7,000 × .80) $5,600

Pell Income= $74,400

8 0
2 years ago
The Consumer Price Index is a way that the U.S. government measures ____.
Ludmilka [50]

Answer:

prices of all goods and services bought by US households

Explanation:

3 0
3 years ago
The third-party problem: a. occurs when a market activity leads to a negative externality.b. occurs when a market activity leads
Iteru [2.4K]

Answer:

The correct answer is letter "C": occurs when a market activity leads to a negative or a positive externality.

Explanation:

An Economic Externality is a cost or benefit paid or earned by a third party that does not have control over the factors that produced the cost or benefit. The third-party problem arises when whether negative or positive externalities affect individuals who are not involved in market activities.

4 0
3 years ago
Understanding the purpose of your research project will assist you in
Phoenix [80]
I don't understand what your asking?

7 0
3 years ago
Other questions:
  • A concurrent condition occurs when each party's performance is conditioned on the performance of the other.
    8·1 answer
  • Compared to the United States, unemployment rates in Western Europe tend to be: higher because of fewer labor regulations. lower
    6·1 answer
  • The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the economy's current unem
    8·1 answer
  • What do analysts and briefers use to alert policymakers to the level of confidence they have in their judgments, based on the av
    7·1 answer
  • Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
    6·1 answer
  • All of the following are methods of bringing your business to the attention of prospective clients. Once your child care busines
    7·1 answer
  • When you want to start a business, what is the first step?
    9·2 answers
  • Which two actions will help you get the most benefit from an informational interview
    10·1 answer
  • Assume that if there were no crowding out, an increase in government spending would increase GDP by $100 billion. On the other h
    15·1 answer
  • A monopolist's marginal cost curve shifts down, but the firm's demand curve remains the same. as a result of the fall in margina
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!