Answer: $8,000
Explanation: In simple words, net income refers to the amount of revenue left with the company after deducting for the expenses incurred to generate those revenues. It is that amount of income which the owners can use as per their own will.
Thus from the above we can conclude that the amount of net income is
$12,000 - $4,000 = $8,000
Answer:
A) December 31,2019, and june 30,2020
Explanation:
According to accrual the income that is realized and expenses that are accrued must be recorded. Matching concept requires that the income should be recorded in the same period in which the expenses against it incurred and recorded.
First an adjusting entry will be recorded on the year end December 31,2019 to recognize the interest income of 3 months from October to December 2019. In next period at the time of Note maturity the remaining income of 6 months from January 1, to June 30,2020.
The factors like democracy, poor leadership, lack of communal participation and inefficient strategic management lead to poor service delivery and corruption.
<h3>What is service delivery?</h3>
The process of providing service to the customer or subscriber, by whatever name called, who is being supplied with such services by the provider, is known as a service delivery.
Hence, the significance of service delivery is as aforementioned.
Learn more about service delivery here:
brainly.com/question/1296449
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Wanna maybe ...I don't know give answer key?