Answer:
a. Transfer or receivables with recourse should be recorded as a sale only when the following conditions are met:
- The future economic benefits of the receivables have been surrendered by the transferor.
- The transferor's obligation under the recourse provision can be reasonably estimated.
- The transfer can require the transfer to repurchase the receivables.
b. attached as a dcoument of excel.
Explanation:
Entry journal corporation for beyonce Corporation in document attached.
Answer:
correct option is B. about 30 years
Explanation:
given data
real per capita GDP west = $10,000
annual growth rate = 2.33%
real per capita GDP east = $2,500
annual growth rate = 7%
to find out
How many years will it take for East to catch up GDP of West
solution
we know here that future value is equal to real GDP of west after time will be
future value = real per capita GDP west × 
future value = 10000 × 
.....1
and
future value = real per capita GDP east ×
future value = 2500 × 
.....2
compare equation 1 and 2
10000 × = 2500 ×
4 
= 
t = about 30 years
so correct option is B. about 30 years
Answer: D. A and B only
Explanation:
In a fix exchange rate, the country can address problem of currency market pressure that threaten yo lower or raise the value of its currency by this under listed measures;
1. if demand falls, then countries must increase demand by buying up the excess supply with domestic currency
2. if demand rises, countries must fill the excess demand for foreign currency by selling their reserves.
Answer: Pharaohs journal $
Date
December 31, 2017
StaffBonusexpensesDr384,900
Accruede liability Cr384,900
Narration. Staff bonus due as at date.
February 15,2018
Accrued liability Dr 384, 900
Bank Cr. 384,900
Narration. Payment of staff bonus due
Explanation:
In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.
The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.
I just recently learned this myself due to buying an old farm house that was built in the 1970's. Asbestos is commonly found in buildings and structures built before 1981 and is a very harmful thing if inhaled into the body.
