Answer:
Option D is the correct answer,$ 88,338.48
Explanation:
The liability reported in the balance sheet can be computed by using the pv formula in excel which is stated thus:
=-pv(rate,nper,pmt,fv)
rate is the incremental borrowing rate of 11% per year
nper is the number of payments required to settle the obligation which is 10
pmt is the amount of yearly payment in order to fully settle the debt owed which is $15,000 per year
fv is the future worth of total payments which is not unknown,hence taken as zero
=-pv(11%,10,15000,0)=$ 88,338.48
The correct answer is $ 88,338.48
Generally Accepted Accounting Principles is the body of rules and procedures that guide the measurement and communication of financial accounting information.
Given that there is a body of rules and procedures that guide the measurement and communication of financial accounting information.
We are required to give the name of the body that guide the measurement and communication of financial accounting information.
The body that guide the measurement and communication of financial accounting information is Generally Accepted Accounting Principles.
Generally accepted accounting principles (GAAP) basically refer to a common set of accounting rules, standards, and procedures issued by the Financial Accounting Standards Board . Public companies in the U.S. have to follow GAAP when their accountants compile their financial statements.
Hence Generally Accepted Accounting Principles is the body of rules and procedures that guide the measurement and communication of financial accounting information.
Learn more GAAP at brainly.com/question/17895474
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This chopping board is new and innovative in design and practicality. the classic light wood chopping board look has been reimagined by adding the dark accent stripes breaking up the look. the practicality comes with the handle which has been conveniently placed so the chopping board is easy to move and store. (i hope this helps)
Answer:
C. negotiating contracts
Explanation:
Discussing and Compromising on contract term in order to reach out final agreement between the company management and union at Selzar Inc.
Option A.
The best way to avoid disasters at a catering event is to prepare backup food.
Always we should have a backup option so that in case, any mishappening or disaster hapens, the guest can be served something and they won't have a bad experience m
