Answer:
Dec 31 2016 Interest expense 2640 Dr
Interest payable 2640 Cr
Explanation:
the adjusting entry is made at the end of the period which is 31 December 2016 here. The notes pays interest at 8% per annum. So, the total interest due for one year on note payable is,
Interest = 44000 * 0.08 = 3520
Out of this amount of interest payable, 9 month's interest related to period from April to December. So, at 31 December, we will recognie 9 month's interest as interest expense 3520 * 9/12 = 2640. And debit interest expense account by this figure. As the interest is not paid today, we will credit interest payable.
The primary source of funding for positive npv projects by U.S. nonfinancial firms is internally generated funds
Internally Generated Monies are funds that are not the result of a loan, a debt issue, an equity issue, the sale of an asset, an insurance recovery, or any other debt. Internal funding is the practice of paying for energy efficiency, renewable energy, or other generation initiatives out of an organization's current financial resources as opposed to seeking outside funding. By dividing the bank's retained earnings by the average equity balance of all stockholders for a specific accounting period, the internal capital generation rate is determined.
Learn more about Internally Generated funds here
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Answer:
t m h c i b j g k l a f o n p r e s d q
Explanation:
Home usually in increase in value while cars decrease in value.
