The appropriate action would be: C. <span>Thank the taxpayer, and explain that you cannot accept any payment for your services.
Government workers couldn't receive cash payment in any kind unless there is a necessary administrative purpose.
They could on the other hand, receives Gifts that held the value less than $ 20</span>
Answer:
a) $1080
b)$19080
c) Loan given | -$18000
d)$540
e)$19620
f)loan | 18000
Interest received | $1620
g) $1620
Explanation:
a) Year 1 : a) Interest income = $18000*9%*8/12 = $1080
b) The total receivable at december 31,Year = 18000+1080 = $19080
c) Year 1 :Statement of cash flow
Loan given | -$18000
d) Interest income Year 2 = $18000*9%*4/12 = $540
e) Total cash collect in 2017 = $18000+$1080 + $540 = $19620
f) Cash flow from investing activities :
loan | 18000
Interest received | $1620
g)Total interest earned = 18000*9% = $1620
Answer:
Point B
Explanation:
A "trough" in essence is just like a dip or a ditch. The answer is B because it is at the lowest point of that dip.
Answer:
B. $1,260
Explanation:
The computation of the net position unrestricted is shown below
Unrestricted Net Position is
= Total Current and accrued Assets + Other assets - current liabilities
= $2,000 + $60 - $800
= $1,260
We simply added the other assets and deduct the current liabilities to the total current and accrued assets so that the amount could come in a correct way
Therefore all other information that is not considered is irrelevant. Hence, ignored it
