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2 years ago

At what amount is a short-term notes receivable recorded on the issue date?

Business

1 answer:

laiz [17]2 years ago

6 0

Answer:

At face value

Explanation:

Short term notes are always recorded at face value, and that applies to both interest and non-interest bearing short term notes.

Non-interest bearing long term notes must be recorded at their discounted value, i.e. you must discount the long term note' face value by the discount rate used by the company.

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Mika has borrowed $5,000 from her cousin Jun and not repaid it. Now, Mika is selling her house to Jun’s nephew, Cheong. As Mika

hram777 [196]

Answer:

Jun's pressure and influence has invalidated Mika's consent.

Explanation:

By threatening Mika with prosecution if she doesn't set a discount for the sale of her house on the grounds of her debt to her, she has influenced Jun's consent or rather coerced it and therefore Mika's consent is invalidated in the agreement. Consent is free under law if contract and should be given under undue influence, duress or any other vitiating factor that will render the contract null and void such as the example above

3 0

3 years ago

A typical grocery store in the United States may sell oranges grown primarily in California during part of the year and oranges

Rama09 [41]

In United States, the oranges are available round the year because the grocery stores sell oranges that are grown in locations with similar climates but different growing seasons.

<u>Explanation</u>:

Orange is a seasonal fruit. The growth of orange can be witnessed from November to April in the United States of America. The supply of orange will reach its peak during January-March.

Oranges are good source of vitamin C and are rich in nutrition. The antioxidant in the orange helps in lowering the risk of heart disease and kidney stones.

In United States, the oranges are available round the year because the grocery stores sell oranges that are grown in locations with similar climates but different growing seasons.

4 0

2 years ago

The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a fir

My name is Ann [436]

Answer:

1) - proprietorships.

2) - corporations.

3) - proprietorships.

4) - corporations.

Explanation:

So far as figures are concerned, the majority of companies are proprietorships. Even so, mostly based on currency sales revenue, almost all of the trade is conducted by corporations. Businesses are mostly founded as proprietorships and only transformed into corporations until their success results in drawbacks that overshadow the benefits.

So, the following are the reason that describes the following answers are true according to the given scenario.

3 0

2 years ago

What is the combination of two or more tables and their data called?

Lapatulllka [165]

Answer:

Query join

Explanation:

7 0

2 years ago

Read 2 more answers

On October 31, the stockholders’ equity section of Sunland Company’s balance sheet consists of common stock $696,000 and retaine

nika2105 [10]

Answer: Please find answers in the explanation column

Explanation:

Summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.

Before action After stock dividend After stock split

Stockholder's equity

Paid in capital $696000 696000+ $65,250 $696,000

=$761,250

Retained earnings $397000 397000-($65,250) $397,000

=$331,750

Total Stockholder's

equity $1,093,000 $1,093,000 $1,093,000

Outstanding shares $87,000 87000 + 4,350 87000 x 2 =

=$91, 350 $174,000

Calculations:

stock dividend = Number of outstanding shares x percentage of dividend

= 87,000 x 5% =4,350

Amount to purchase 4,350 shares= number of shares x market value per share = 4,350 x 15= n$65,250

Number of shares after stock split of 2-for -1 = 87,000 x 2 = 174,000

7 0

3 years ago