Answer:
The company's current ratio increased.
Explanation:
What would happen to this company is that the company's current ratio would increase. The current ratio refers to a ratio that measures the company's capacity to fulfill its short-term obligations, usually within a year. Therefore, this can also be considered a liquidity ratio. The way in which it does it is by comparing the company's current assets to its current liabilities. The current ration in this case would increase due to the fact that the company used the money to pay off some of its short-term notes payable.
Answer:
My savings
Explanation:
Savings for a month is the amount left after deducting all my expenditure from my monthly income
Savings = income - total expenditure
income = $2,000
total expenditure = $200 + $1,000 + $400 + $200 = $1,800
Savings = $2,000 - $1,800 = $200
Answer:
to keep track of all business transactions in case of an audit
Answer:
B.) Net income = $10; Comprehensive income = $30.
Explanation:
The computation and effect of these two events increase net income and comprehensive income is shown below:
Since there is a gain on sale of investment so it increased the net income
So the net income would be increased by $10
And, there is an Unrealized gain on investment from an increase in fair value of $20
So, the comprehensive income increased by
= $10 + $20
= $30
Hence, the correct option is B
