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mart [117]
4 years ago
10

Mint Co.'s cash balance in its balance sheet is $1,300,000, of which $300,000 is identified as a compensating balance. Additiona

lly, Mint has classified cash of $250,000 that has been restricted for future expansion plans as "other assets." Which of the following should Mint disclose in notes to its financial statements?Compensating | Restricted | Balance | Cash |A. No | YesB. Yes | YesC. No | NoD. Yes | No
Business
1 answer:
Natasha2012 [34]4 years ago
7 0

Answer:

Correct option is B Yes and Yes

Yes - Compensating shall be reported, And Restricted shall also be reported.

Explanation:

Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.

Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.

Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.

Therefore correct option is B

Yes - Compensating shall be reported, And Restricted shall also be reported.

You might be interested in
¿Qué documentos en el Archivo son productos de una actividad Administrativa, comercial y política de una sociedad?
Lena [83]

Answer:

Explanation:

A training program that teaches people how to locate, maintain, preserve, and make long-term records usable for documentation, legal, analysis, and other purposes.

5 0
3 years ago
A toy company creates a new toy that suddenly become very popular. The toys in the stores sell out immediately, and the factorie
shtirl [24]
Your answer would be B. The price will go up because supply is low.
3 0
3 years ago
What is marketing as a source of data​
masya89 [10]

Answer:

Primary data sources include information collected and processed directly by the researcher, such as observations, surveys, interviews, and focus groups. Secondary Data Collection. Secondary data sources include information retrieved through preexisting sources: research articles, Internet or library searches, etc. Exmaple of preexisting sources modern is something named 'remarketing'. What makes remarketing different from standard Display and Search advertising which is used in a targeting collation.

Remarketing consists of using a special tracking code to place cookies on the browsers of people visiting your website, and then serving ads to those with that cookie, specifically, on the Display and Search network. It can be a very powerful component of a PPC campaign.

The main point with remarketing is that you want to find those people who have shown enough interest in your products or services to visit your website. These people are more likely to perform whatever activity you’re considering a conversion compared to people who have not yet been to your website.

Explanation:

PPC = Pay per click

3 0
3 years ago
Where's the best place for a 17 year old to work at.<br> ps. im 17
mars1129 [50]

Finding the right place to be a waitress at could be really good :) But if you're not too inclined to rely mostly on tips here's a list of good places that have some benefits (free food, flexible schedule, etc.)


  1. McDonalds
  2. Lifeguard
  3. Babysitter
  4. Chipotle
  5. Gas stations (I know someone who works there who says they offer a very flexible schedule)
  6. Gap
  7. Subway
  8. Sonic
  9. Little Cesar's
  10. Rue 21 (or other stores similar to that)
  11. Starbucks (they offer amazing benefits!)
  12. Target
  13. Apple support (I believe they send you a computer and all to be able to work and you also get discounts)

You can find plenty more online. Keep in mind that at 17, you can practically work anywhere! Good luck & hopefully this helped!! :))

4 0
4 years ago
Read 2 more answers
Porter Incorporated issued $210,000 of 6 percent, 10-year, callable bonds on January 1, Year 1. The bonds were issued at their f
pshichka [43]

Answer:

Jan. 1

Dr Cash $210,000

Cr Bonds Payable $210,000

Dec. 31

Dr Loss on Bond Redemption $4,200

Bonds Payable $210,000

Cr Cash $214,200

Explanation:

Porter Incorporated Journal entries

Jan. 1

Dr Cash $210,000

Cr Bonds Payable $210,000

Dec. 31

Dr Loss on Bond Redemption $4,200

Bonds Payable $210,000

Cr Cash $214,200

(102%×$210,000=$214,200)

7 0
4 years ago
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