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faltersainse [42]
4 years ago
10

Interest is the cost of borrowing. a. True b. False

Business
1 answer:
Gnesinka [82]4 years ago
8 0
Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.
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C limited liability company.
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3 years ago
Place each of the items listed below in the appropriate subdivision of the stockholders' equity section of a balance sheet. Comm
nexus9112 [7]

Answer and Explanation:

The placing of each item would be shown below:

Stockholder's Equity

Paid-in Capital

Capital Stock

8% Preferred stock, $100 par value

Common Stock, $10 stated value

Additional Paid-in Capital

In excess of par value- Preferred stock

In excess of stated Value - Common stock

Total Additional Paid-in Capital

Total Paid-in Capital

Retained Earnings

Total paid-in Capital and Retained Earnings

Less: Treasury Stock- common

Total Stockholder's Equity

7 0
4 years ago
After raising two children, Anh, a single 48-year-old, decided to go to college to earn her first college degree. She spent two
Svetach [21]

Answer:

True

Explanation:

American opportunities tax credit is a form  qualified education expenses that is paid to college students in America by the government.

To be qualified for this credit , the student must meet certain criteria such as listed below

  1. Must be pursuing a degree on other recognized certification
  2. Be enrolled for at least half time the for at least an academic period beginning on the tax year
  3. Not have finished the first four years of higher education at the beginning of the tax year.
  4. It is meant for undergraduate college students and their parent
  5. Parents can only claim the tax if they paid for the child's education expenses and the student is listed as dependent on their return.

Looking at the listed criteria as above , it is apparent that Anh is eligible for the opportunities tax credit

6 0
4 years ago
Equipment with a book value of $84,000 and an original cost of $167,000 was sold at a loss of $34,000. Paid $109,000 cash for a
adoni [48]

Answer:

$443,400

Explanation:

The computation of cash flows from investing activities is shown below:-

For computing the cash flows from investing activities we need to find out first the Sale of equipment

= $84,000 - $34,000

= $50,000

Net cash paid by investing activities = Sale of equipment - Purchase of new truck + Sale of land + Sale of Long-term investments

= $50,000 - $109,000 + $410,000 + $94,200

= $443,400

3 0
3 years ago
Which of the following would be counted in this year's GDP
emmasim [6.3K]

Answer:consumption, investment, government consumption and gross investment, and net exports.

Explanation:

8 0
3 years ago
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