yes because it passes the vertical line test
Answer:
The Parry Glitter Company
The Parry Glitter Company should record the Notes Receivable as $300,000.
It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year. These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.
Step-by-step explanation:
a) Data and Calculations:
Notes Receivable = $300,000
If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%
Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.
POQ AND KLJ
They are the only alternate exterior angles
Try using the formula length times width! THat might help it helps me
