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3 years ago

What is likely to happen if a borrower is late on a payment for a credit card account?

Business

2 answers:

liraira [26]3 years ago

6 0

I would say that the last answer is the most likely to occur

jolli1 [7]3 years ago

5 0

That last response applies a penalty rate is the correct answer.

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Which is most often a cause for a change in career or lifestyle?

Andre45 [30]

Answer:

adjustment in life roles

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3 years ago

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For Sunland Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,900 and Ann Dody $24,000. During the year, d

natita [175]

Answer and Explanation:

The preparation of the partner capital statement and the owner equity section is presented below:

Partner capital statement

Particulars N. Payne Ann Dody Total

Beginning

balance $18,900 $24,000 $42,900

Less: Drawings -$8,700 -$5,200 -$13,900

Balance left $10,200 $18,800 $29,000

Add: Net income

share 50% 50% $14,350 $14,350 $28,700

ending balance $24,550 $33,150 $57,700

Now the balance sheet is

Sunland Co,

Partial balance sheet

Dec 31,2020

Owner capital

Partner capital balance $29,000

Add: Net income $28,700

Total owner equity $57,700

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2 years ago

A major difference between ifrs and gaap relates to the revaluation surplus account. retained earnings account. share premium ac

AleksAgata [21]

A major difference between IFRS and GAAP relates to the A Revaluation Surplus Account.

A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.

This reserve is only used when the organization prepares its financial statements in accordance with International Financial Reporting Standards. No revaluation reserve is allowed for companies using generally accepted accounting principles.

A revaluation reserve is an equity account that stores changes in the value of fixed assets. If the revalued assets are subsequently disposed of by the company, the remaining revaluation reserve is credited to the company's retained earnings account.

Learn more about Revaluation here: brainly.com/question/19908089

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2 years ago

Identify which of the following statements is true.

JulijaS [17]

Answer:

Explanation:

Organizational expense amortized over fifteen years for purposes of determining taxable income results in an upper adjustment in the initial years to book income on the Schedule Minus−1 when the expense is being amortized over ten years for book income purposes.

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3 years ago

What important technology has done the most

laiz [17]

The answer is Wireless networks

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2 years ago