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Leno4ka [110]
3 years ago
8

________ are said to be at "arm's length," while ________ are to be reported separately in the financial statements.

Business
1 answer:
Zigmanuir [339]3 years ago
8 0

Answer:

The answer to the first blank is credit sales to customers, the second blank space is loans to company officers.

Explanation:

When offering credit sales to customers, financial institutions tend to operate in an arm’s length setting, which is the default operating process when dealing with customers. This differs from when they offer loans to company officers, or the company’s employees. Depending on the company, employees might be able to access credit at a different rate compared to the normal customers. Nevertheless, these transactions should be recorded separately from the financial statements made in the company.

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the regulatory cycle provides an opportunity for self-regulation during the latency stage. group of answer choices true false
Semmy [17]

The regulatory cycle provides an opportunity for self-regulation during the latency stage. The statement is False.

<h3>What is the latency stage?</h3>

The latency stage will last for six years until puberty. This is referred to as the fourth stage of psychosexual development. No additional psychosexual growth happens at this stage since the desire is inactive.

A phase of discovery during which the reproductive energy is restricted or inactive is known as the latent period. This power is still there, but it has been transferred to other activities like learning and networking and plays a crucial role.

Therefore, the statement is False.

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5 0
1 year ago
Diana invests $11,000 into two accounts. One account earns 9% interest and the other earns 15% interest. After one year her tota
inysia [295]

Answer:

1.15X + 1.09(11000 - X) = 11000 + 1452

1.15X + 11990 - 1.09X = 12452

0.06X = 462

X = 7700

The answer is

7700

Explanation:

5 0
3 years ago
I will give BRAINLY<br><br> I need any career name plz
schepotkina [342]

You can be a streamer!

Two Benefits of being a streamer is.

  • You can earn money.

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Two drawbacks of being a streamer is.

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7 0
3 years ago
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:
ss7ja [257]

Answer:

e. All of the above

Explanation:

All options are possible certainly. The unions have the right to ask the employees to participate with the expectation that entitlement may follow from the study results. The study results are certainly going to ensure entitlement. Also, the employer might encourage or deny the participation of the workers as this is management work. It is on the employer that he allows or denies the employee from taking part in the meeting. Also, the employee might be pressurized by the management to take part in the study as the employer perceives the study are advantageous to the organization. This is a certainty as well, an employer might see profit in this. And the studies will affect the employee's pay, benefits as well as the promotion potential. The meeting is certainly going to increase employee's pay as well as provide him various benefits, and there are chances of promotion as well. Hence, all the options are correct.

5 0
3 years ago
Computing and Recording Interest Capitalization Bullock Company is constructing a building for its own use and has been capitali
jasenka [17]

Answer:

Bullock Company

a. The amount of interest to be capitalized = $405,000.

The amount of interest to expense = $105,975

b. Journal Entry:

January 1,

Debit Construction expenditure $2,520,000

Credit Cash $2,520,000

To record the expenditure incurred on this date.

February 1,

Debit Construction expenditure $2,295,000

Credit Cash $2,295,000

To record the expenditure incurred on this date.

March 31,

Debit Construction expenditure $3,285,000

Credit Cash $3,285,000

To record the expenditure incurred on this date.

March 31

Debit Construction expenditure $405,000

Credit Capitalized interest $405,000

To capitalize the interest for the quarter.

March 31

Debit Interest Expense $105,975

Credit Interest Payable $105,975

To record the interest expense for the quarter.

Explanation:

a) Data and Calculations:

First Quarter Expenditures:

Date                  Amount        Weight      Weighted-Average

January 1,    $2,520,000        3/3              $2,520,000

February 1,  $2,295,000        2/3                 1,530,000

March 31,    $3,285,000         0/3                 0

Accumulated Weighted-Average expenditure = $4,050,000

Capitalized Interest = $4,050,000 * 10% * 1/4 = $405,000

Debts outstanding during the quarter:

Debt                                                               Amount   Interest Expense

Note payable, 10%, incurred specifically

to finance construction                            $1,440,000  $0

Short-term note payable, 15%                   2,250,000  $84,375

Mortgage note payable, 8%                       1,080,000  $21,600

Total interest expense for the quarter                      $105,975

7 0
2 years ago
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