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Margarita [4]
3 years ago
14

A note receivable due in 18 months is listed on the balance sheet under the caption A. long-term liabilitiesB. fixed assetsC. cu

rrent assetsD. investments
Business
1 answer:
MAVERICK [17]3 years ago
3 0

Answer:

Investments

Explanation:

If the note receivable is expected to be received in 12 then it is listed as a Current Asset else as Investments.

For further detail in how you can recognize Financial instrument ,please refer to the accounting rules for this type of accounts  in https://www.iasplus.com/en/standards/ias/ias39

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The accounting records for Social Event Planning Services include the following select unadjusted balances on December​ 31, 2018
blsea [12.9K]

Answer:

$18,500

Explanation:

The computation of the balance of Service Revenue shown on the  adjusted trial balance is shown below:

= Service revenue ending balance + accrued value

where,

Accrued value =  $1,500 ÷ 3 = $500

And, the service revenue ending balance is $18,000

So, the Service revenue balance equal to

= $18,000 + $500

= $18,500

This is the answer but the same is not given in the options mentioned in the question.

3 0
3 years ago
Lamar believes that interest rates are going to fall in the near future and remain low for a considerable period of time. she sh
padilas [110]

Lamar should invest in a long-term, fixed rate certificate deposit, if she believes that interest rates are going to fall in the near future and remain low for a considerable period of time.

A long-term CD is generally a CD term between two and five years. Traditionally, long-term CDs have typically offered higher rates than shorter CD terms in exchange for tying up your money for a longer term.

Some institutions provide CD terms of up to 10 years or more, although this isn't as common.

To learn more about Interest,

brainly.com/question/13324776

#SPJ4

4 0
1 year ago
1. Del Gato Clinic's cash account shows a $13,510 debit balance and its bank statement shows $13,575 on deposit at the close of
MakcuM [25]

Answer:

a. Record the adjusting entry related to outstanding checks, if necessary.

No adjusting entry is necessary for recording outstanding checks.

b. Record the adjusting entry related to bank service charges, if necessary.

June 30, 202x, bank fees expense

Dr Bank fees expense 20

    Cr cash 20

c. Record the adjusting entry related to Check No. 919, if necessary.

June 30, 202x, adjusting entry for mistake on recording Check No. 919

Dr Cash 9

    Cr utilities expense 9

d. Record the adjusting entry related to the June 30 deposit, if necessary.

No adjusting entry is necessary for recording deposits on transit.

6 0
3 years ago
urk Manufacturing is considering purchasing two machines. Each machine costs $9,000 and will produce cash flows as follows: End
Brums [2.3K]

Answer:

Turk should purchase Machine B

Explanation:

<u>Our first step</u> will be to multiply each cashflow by the factor.

Then we will add them to get the present value of the cash flow

\left[\begin{array}{cccc}-&A&factor&Present \: Value\\Year \: 1&5,000&0.8696&4,348\\Year \: 2&4,000&0.7561&3,024.4\\Year \: 3&2,000&0.6567&1,313.4\\Total&11000&-&8,685.8\\\end{array}\right]

Then we subtract the machine cost:

8,685.8 - 9,000 = -314.2 This Machine has a negative value. It is not convinient to purchase this machine.

\left[\begin{array}{cccc}-&B&factor&Present \: Value\\Year \: 1&1,000&0.8696&869.6\\Year \: 2&2,000&0.7561&1,512.2\\Year \: 3&11,000&0.6567&7,223.7\\Total&14,000&-&9,605.5\\\end{array}\right]

9,605.5 - 9,000 = 605.5 This machine NPV is positive it is convient.

7 0
3 years ago
The person responsible for seeing that the scenery, platforms, and other elements are built, painted, and installed onstage is c
EleoNora [17]

<span>The person that is being described above is a technical director. It Is someone who is responsible in a engineering firm or company in the software category but they also resides in the theatrical company in which they are responsible in the elements they are trying to show on stage such as the sceneries and the platforms.</span>

6 0
3 years ago
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