Answer:
Total current liabilities 13,800
Explanation:
Current Liabilities:
Obligation to pay or do within a year.
We are on Dec 31th 20X2 so anything due on Dec 31th 20X3 or before this date, will be current.
Note payable 2,000 (due nov 1, 20X2)
Discount on NP (500)
Note payable net 1, 500
Unearned Revenues 9,200
(80% of the 11,500 will be provided during the year)
Account Payable 1,600
Total current liabilities 13,800
the allowance for doubtful account is a contra-asset account not a liability account.
The equity is not part of the current liabilities.
the dividends were declared and paid, so there is no dividend payable.
The additional amount that could be loaned out because of deposit of Linda is $4000.
Answer: Option B.
<u>Explanation:</u>
Bank can not loan out the entire amount it has with it. Certain amount is to be kept reserved with it for all times. This is known as required reserve ratio which is a particular ratio of the total deposits.
At the time of being totally loaned out, with twenty percent as the required reserve ratio, the bank can loan out extra amount when Linda deposits money. Since Linda Deposits $5000, twenty percent of this keeping as required reserve ratio, it can loan out $4000 more.
Answer:
In detailed along with all the contingencies that are spelled out.
Explanation:
Common law is the body which is of legal rules that have been made or build through the judges as they will issue the rulings on cases, which is opposed to the rules and the laws which were made through the official statutes or the legislature.
Under the common law, the contracts are made or stated or drafted so that they will provide a brief as well as detailed rules along with all the possible contingencies which were spelled out or made out.
As an investigator, i will investigate the possible reason for the business impact analysis inaccuracy because the vendor was unaware of the organization's unethical practices.
<h3>What is a
business impact analysis?</h3>
This is an analysis that helps to predicts the effect of a disruption of a business process and helps to develop recovery strategies against such effect.
As the headquarters is known for unethical practices, then, such practices will likely be apparent in the remote site.
Therefore, the Option D is correct.
Missing options <em>"a. The vendor used the incorrect method to conduct their analysis. b. The vendor overlooked the organization's remote sites. c. The vendor was unaware of some of the organization's business concepts. d. The vendor was unaware of the organization's unethical practices."</em>
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