Answer:
1. <u>Balance sheet</u>- An organized array of assets, liabilities, and equity.
2. <u>Liquidity-</u>Relates to the amount of time before an asset is converted to
accounting policies cash or a liability is paid.
3.<u> Current assets -</u>include cash and other assets that are expected to be converted to cash or consumed within one year, or within the normal operating cycle whichever is longer.
4. <u>Operating cycle- </u>Relates to the amount of time before an asset
is converted to accounting policies cash or a liability is paid.
5. <u>Current liabilitiesd-Cash to cash</u>
6. <u>Cash equivalent</u> -One-month U.S. Treasury bill.
7. I<u>ntangible asset companies</u>-Lacks physical substance.
8.<u> Working capital</u>-Current assets minus current liabilities.
9. <u>Accrued liabilities</u>
-Recorded when an expense is incurred but not yet paid.
10. <u>Summary of signicant</u>-. Important to a user in comparing nancial
information across
11. <u>Subsequent events</u>- Occurs after the scal year-end but before the
statements
12. <u>Unqualied opinion are issued-</u>The statements are presented fairly in
conformity with GAAP.
13. <u>Qualied opinion-</u>Scope limitation or a departure from GAAP.
Answer:
The final payment would be of amount $9000
Explanation:
The keywords of the question state that the bank needs an equal amount of money by both of the payment procedures. Hence, no matter which payment method I choose on the outstanding loan, the bank would need a sum of 3x3000 = $9000