The answer & explanation for this question is given in the attachment below.
Answer:
a. Balance Sheet
Explanation:
The balance sheet reports the total assets, total liabilities and stockholder equity.
The total asset is comprised of the current asset, fixed assets, and the intangible asset
The total liabilities comprise of current liabilities and long term liabilities
The aim to make the balance sheet is to analyze the liquidity, financial performance, position of the company
Whereas the cash flow statement shows the inflow and outflow of cash and the income statement records total revenues and total expenditures.
Answer:
$671,300
Explanation:
The calculation of adjusted basis in the building is shown below:-
Adjusted basis = Original cost of the property + Cost of capital improvements - Depreciation claimed
= $750,000 + $50,000 - $128,700
= $800,000 - $128,700
= $671,300
Therefore for computing the adjusted basis we simply add original cost of the property with cost of capital improvements and deduct depreciation claimed.
Answer:
the amount of interest that is collected is $503.75
Explanation:
The computation of the amount of interest that is collected is shown below:
= Cash loan × number of days ÷ total number of days × rate of interest
= $31,000 × 90 days ÷ 360 days × 6.5%
= $503.75
Hence, the amount of interest that is collected is $503.75
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
It’s when you convince people to buy a product, or service. Marketing is used in this.
Explanation:
