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Oliga [24]
3 years ago
6

Flipco signed a 15​-year note payable on January​ 1, 2018​, of $900,000. The note requires annual principal payments each Decemb

er 31 of 60,000 plus interest at 10​%. The entry to record the annual payment on December​ 31, 2022​, includesA. a debit to Interest Expense for $ 36, 000.
B. a debit to Interest Expense for $ 40, 000.
C. a credit to Notes Payable for $ 80, 000.
D. a credit to Cash of $ 120, 000.
Business
1 answer:
MrMuchimi3 years ago
3 0

Answer:A debit to interest expense for $36,000

Explanation:

interest expense= 800,000-80,000 = 720,000 5% 12/12

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Political unrest in countries often creates a hostile environment for foreign businesses and can act as a barrier to internation
Nookie1986 [14]
<span>True. When there is unrest, it makes for an uncertain business climate. Businesses are averse to uncertainty and would not want to invest in nations which are experiencing infighting or other sorts of upheaval. Stability is the key for businesses and organizations to find good trading partners and investments.</span>
6 0
3 years ago
Mustard Corporation (a C corporation) owns 15% of the stock of Burgundy Corporation (a C corporation), which pays an annual divi
irina1246 [14]

Answer:

Yes, it will affect it.

Explanation:

The dividends received deduction (DRD) refers to a US federal tax law that allows some corporation that are paid dividend by related entities to deduct  certain percentage of the dividend received from their income tax depending on their percentage of ownership of the related entity that paid the dividend.

The three criteria or tiers that determines how much to deduct as DRD are as follows:

1. Generally, the DRD a corporation is qualified for is 70% of the dividend received.

2. A DRD equals to 80% of the dividend received can be deducted if the corporation holds more than 20% but less than 80% shareholding of the company that paid the dividend.

3. If the corporation holds more than 80% shareholding of the company that paid the dividend, a DRD of 100% of the dividend applies.

Therefore, additional stock purchase will affect the amount of dividends received deduction that Mustard can claim.

4 0
3 years ago
Which action would a government most likely take to reduce its
Rudik [331]
A; sounds like the best option
4 0
3 years ago
Tell me about a time when you decided to sacrifice short-term gain for long term-success for your company?
wel

<u>Answer:</u>

<u>a good example of this is when we declined an equity investment offer. </u>

<u>Explanation:</u>

In the short-term one may see an investment offer as a never to be missed opportunity. However, certain investments lead to loss of control, this was true in our own case. Thankfully, we avoided the short-term gain in other to realize a long-term gain.

8 0
3 years ago
True or False: Using specific position titles in ICS helps to describe the responsibilities of the position.
Mila [183]

Answer:

True

Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.

5 0
3 years ago
Read 2 more answers
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