Answer: I think the answer is D
Explanation: Credit cards can give amounts that you put on there because the technology is connected to your bank account. It is good to have a limit to your credit card or otherwise you overspend and be in overdebtness later. And also you could get ripped off and overcharged with items purchased by card.
A. i am pretty sure it is A.
The total interest due at the end of two months is computed by $480,000 * 0.08 * 2/12 = $6400
As the notes payable charge interest each month interest of $6400/2 = $3200 needs to be accrued. So the adjusting entry to be recorded is:
debit to interest expense 3200
credit to interest payable 3200
<span>When a commercial item is procured by the government, the contractor will provide a </span>TDP or Technical Data Package<span> to the government</span> that documents the functional, performance, and physical characteristics of their product and will assist in the development of configuration management efforts.
Answer: Assets are listed in descending order of liquidity
Explanation:
According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.
