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4 years ago

HERMONE HAS A CREDIT SCORE OF 653 HER CREDIT SCORE WOULD RECEIVE WHICH OF THE FOLLOWING CLASSIFICAION

1 answer:

4 0

It actually gives her good classifications for anything that she's looking for to being a 653 but the best ones are the 700 to the 800s gives you access to everything that you need with a 653 you can take out at least 20,000 for a loan

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In 2014, David Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $2

poizon [28]

Answer:

d. $720,000 asset.

Explanation:

At 2014 David Company reported a loss for 2,400,000 which, for taxes purposes wasn't recognized.

Thus, there is a temporary diffrence in favor of the company,

as is paying more income tax today (the 2,400,000 loss is not recognzied thus, more income taxes are being paid)

and then, will pay less than the accounting net income (latter will pay taxes including this loss, thus less income tax)

This is a deffered income tax asset for: 2,400,000 x 30% = 720,000

tax deffered(assets) 720,000 debit

income tax expense 60,000 debit

cash 780,000 credit

8 0

3 years ago

. Economic stability is a situation in which the economy experiences constant and low . True or False

MArishka [77]

This is true statement. Economic stability is a situation in which the economy experiences constant growth and low inflation.

6 0

3 years ago

Read 2 more answers

A significant difference between a monopolistically competitive firm and a purely competitive firm is that the: Question 7 optio

MA_775_DIABLO [31]

Answer:

3) former sells similar, although not identical, products.

Explanation:

In a monopolistic competition, there may be many sellers of a specific good, but in order for each firm to possess a monopolistic edge over the other, minute differences may exist between the similar goods. For example, geometrical sets are more or less the same, in terms of content. However, producer A may include a formula sheet, something which producer B may compensate with a timetable sheet. A consumer may wish to buy a geometrical set, but will have to choose between one from producer A or B since they all have different special features. Both producers A and B possess a monopoly of sorts over each other, due to the difference in features. This is called product differentiation. It may be physical, like the one above or perceived, where product A may seem better than product B, though entirely similar, due to A’s massive advertising. Purely competitive firm sells standard product like its competitors.

6 0

3 years ago

According to the United Nations' Human Development Index, many countries with very high development are located in _____.

Lilit [14]

The answer is Europe and Australia.

According to the United Nations' Human development Index, many countries with very high development are located in Europe and Australia. As defined in Wikipedia, Human development index is a composite statistic of life expectancy, education and income per capita indicators, which are used to rank countries into four tiers of human development.

5 0

3 years ago

Read 2 more answers

For each of the following item below, indicate to which category of elements of financial statements it belongs.

sergiy2304 [10]

Answer:

Explanation:

As we know that

The statement of stockholder's equity includes common stock and retained earnings.

The net income is a difference between the total revenues and total expenses

The assets, liabilities and stockholders ' equity are reported in the balance sheet

So, the categorization is shown below:

a. Retained earnings = Equity

b. Sales = Revenues and shown in the income statement

c. Additional paid-in capital = Equity

d. Inventory = Current assets

e. Depreciation = Expense and shown in the income statement

f. Loss on Sale of equipment = Losses

g. Interest payable = Current liabilities

h. Dividends = Shown in the retained earning statement in a negative amount

i. Gain on sale of investment = Gains

j. Issuance of common stock = Owners investment

7 0

3 years ago