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
drek231 [11]
3 years ago
11

On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank for the refinancing of an existing note payable sche

duled to mature in February, Year 2. The terms of the refinancing included extending the maturity date of the note by three years. On January 15, Year 2, the note was refinanced. How should Taylor report the note payable in its December 31, Year 1, balance sheet?
Business
1 answer:
Scrat [10]3 years ago
5 0

Answer

The note must be reported on the balance sheet as of December 31 for the total outstanding value, since the refinancing does not change the value to be paid only affects the terms and interests, also the financing will only be made in January of year 2

You might be interested in
EA4.
mart [117]

Answer:

$1,000

Explanation:

As we know that

Cost of material used = Beginning balance of inventory + purchase made during the month - ending balance of inventory

$900 = $200 + purchase made during the month - $300

$900 = -$100 + purchase made during the month

So, the purchase made during the month would be

= $900 + $100

= $1,000

We simply added the purchase to the beginning inventory and deduct the ending inventory

8 0
3 years ago
The rule of 70 is a measure of how long it will take for prices to __________ at a given inflation rate.
swat32

Answer:

A. double

Explanation:

Rule 70 is used to calculate the numbers of years it takes for an investment  or variable to double in value given a certain growth rate. In this case, the variable is prices and the growth rate is  inflation  rate. It is calculated by dividing number 70 by inflation rate.

For example;

Assume inflation rate is 6%, the prices will double in ; 70/6 = 11.7 years

And if inflation is 2%, the prices will double in 70/2 = 35 years

8 0
3 years ago
Corporations in other countries are often called:
inn [45]

Answer:

The answer is public limited companies

Explanation:

Public limited company (PLC) is a terminology used in commonwealth nations to refer to limited liability company whose shares are available to the general public. In the US and other countries, a PLC is referred to as corporation. PLC's shares can be acquired by any person through trading in the stock market or an initial public offer.

A PLC or corporation can be listed or not listed on a stock exchange.  Under law, a PLC is supposed to publish its true financial position so that shareholders can know the worth of the shares they hold.

5 0
3 years ago
Read 2 more answers
There is an inverse relationship between bonds' quality ratings and their required rates of return. Thus, the required return is
beks73 [17]

Answer:

The statement is true.

Explanation:

The investor aversion to risk must be compensated with an increased return to make it more feasible.

If all bonds' return were the same then, investor will not invest on high risk bonds.

Company's will not issue the bond to yield higher than they can pay nor higher if they can do it the same as AAA. They do it as the only way to attract investment to his business.

6 0
3 years ago
Discuss the social views that influence our relationship​
Scrat [10]

Answer:

relationships with others influence how we communicate with them by many different factors. The relationship between people influence the way we interact with them. Giving hugs is generally for people you are close to, although you may shake someone's hand if you are not as close to them

5 0
3 years ago
Read 2 more answers
Other questions:
  • True or False? With a product differentiation strategy a company can either actually change the product or just position it diff
    7·2 answers
  • Which advertising strategy emerged because of corporate mergers and public distrust of impersonal and large corporations?
    6·1 answer
  • Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
    15·1 answer
  • Other things the same, during recessions taxes tend to Select one: a. rise. The rise in taxes contracts aggregate demand. b. fal
    11·1 answer
  • Which government agency is responsible for preparing a budget proposal for the president to submit to congress
    15·2 answers
  • What are examples of the factors of production that affect the output of a car repair shop?
    9·2 answers
  • Describe the formation process of cross-border mergers, acquisitions, and international joint ventures. What are the major diffe
    11·1 answer
  • How To Get To London Southend Airport Taxi?
    13·1 answer
  • In macroeconomics, the connection from inputs to outputs for the entire economy is called _______________.
    5·1 answer
  • A product-process matrix can be used to address the fact that customers often participate in service processes.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!