Answer : rent to own business !
shes paying for her to own it but still gets to take it home
York assets started the year with $110,000-$60,000= $50,000 net assets. So for the current year, the revenues were $110,000 and expenses were $50,000 so add $110,000 to the $50,000 = $160,000 - $50,000= $110,000 net for this year. Since the total dividends are $45,000 then $45,000/$110,000= %40.9 increase in the stockholder's equity for the year which is very good.
Answer:
$304,500
Explanation:
Interest payable on December 31, year 1 = $290,000 * 5%
Interest payable on December 31, year 1 = $14,500
Total amount of liabilities to be reported on the Balance Sheet, year 1:
= $290,000 + $14,500
= $304,500
So, the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1 is $304,500.
<span>Choice (d) is the most correct. When an auditor looks at the risks involved with possible misstatements (control risk and inherent risk), it helps him or her understand the detection risk that could stem from using the wrong procedures or making the wrong decisions during the audit.</span>