Answer:
It appears on a consumer's credit report for up to 10 years
Explanation:
Bankruptcy is a legal means of declaring that a person or business cannot repay its debts.
The cost of filing for bankruptcy is that it damages credit and appears on a consumer's credit report for up to 10 years after it has been filed.
<span>A corporate bond backed only by a company's promise to pay is called a debenture bond. There is no collateral offered and the parties are acting on faith and predictions in this transaction.</span>
Answer:
False.
Explanation:
A networking letter can be defined as a type of cover letter or a job-hunting tool written to friends, friends of friends, or professionals in the author's job network to request assistance and support such as introductions, job leads, meetings, referrals and career advice.
Generally, it is advisable to draft and send out different networking letters to the members in your job network.
Hence, the same networking letter shouldn't be sent to every member of a job network so as to increase one's chance of getting a favorable and positive response.
Answer:
Explanation:
Before recording the journal entry, first we have to determine the total cost which is shown below:
= Purchase price + sales tax + Shipment of machine + Installation of machine
= $63,000 + $5,400 + $880 + $1,760
= $7,1040
Now the journal entry would be
Equipment A/c Dr $7,1040
Prepaid insurance A/c Dr $580
To Cash A/c $3,220 ($880 + $1,760 + $580)
To Accounts payable $68,400 ($63,000 + $5,400)
(Being the expenditure and equipment value is recorded)
Answer:
d. 520,000
Explanation:
The computation of the cash flow from operating activities using the indirect method is shown below:
cash flows from operating activities
Net income reported $450,000
Add: depreciation expenses $60,000
Add: Amortization expenses $10,000
Net cash flow provided by operating activity is $520,000
We simply added the above three items so that the correct amount could come
