Answer:
B
Explanation:
A. Positive confirmation should always be used for large balances
C. Trade receivables is the overlying term for both account receivables and note receivables. There is no distinguish here between large and small balances.
D. The positive form should be used for receivables that are unsatisfactory.
One significant difference between the beginning of the great depression and the economic fallout of the covid-19 epidemic in 2020 is great depression is caused by the collapse of the stock market whereas the economic fallout during the pandemic is caused by the shutdown of industries due to lockdown.
<h3>What was the Great depression?</h3>
The Great depression referred to the economic downfall that caused to collapse of the stock market in 1929 due to which the economic stability of the United States become poor and a huge crisis was faced.
The production was halted and a lockdown was established as a result of the widespread diseases, which made the economy worse because there was still consumption but no longer have any economic stability.
Learn more about the great depression, here:
brainly.com/question/7998129
#SPJ1
Answer:
Net assets of smith family = $167,000
Explanation:
Given:
Net worth of smith family = $100,000
Net liabilities of smith family = $67,000
Find:
Net assets of smith family
Computation:
Net assets = Net worth + Net liabilities
Net assets of smith family = Net worth of smith family + Net liabilities of smith family
Net assets of smith family = $100,000 + $67,000
Net assets of smith family = $167,000
Answer:
Total Current Assets $ 100,800
Explanation:
The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)
Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset
Cash $ 38,600
Short-term investments $ 4,600
Accounts receivable $ 51,000
Supplies <u> $ 6,600 </u>
Total Current Assets $ 100,800
Answer:
B. $16.67
Explanation:
The computation of the accrued interest expense is shown below:
= Notes receivable or Principal × rate of interest × number of days ÷ (total number of days in a year)
= $5,000 × 4% × (30 days ÷ 360 days)
= $16.67
We assume there are 360 days in a year
And, the 30 days is calculated from December 1 to December 31
This is the answer and same is not mentioned in the given options
