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g100num [7]
3 years ago
10

The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7.

Received from Unitarian Clothing and Bags Co., on account, a $78,000, 60-day, 8% note dated December 7. Dec. 31. Recorded an adjusting entry for accrued interest on the note of December 7. Dec. 31. Recorded the closing entry for interest revenue. 20Y8 Feb. 5. Received payment of note and interest from Unitarian Clothing Journalize the entries to record the transactions.

Business
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

The diagram is well defined showing all the parameters required.

Best Regards.

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kherson [118]
Lol a uber giftcard wdf
7 0
3 years ago
Asset misappropriation is ________ likely than fraudulent financial reporting. The amounts involved in asset misappropriation ar
Mariana [72]

Answer:

The correct answer is letter "A": more; less.

Explanation:

Misappropriation of assets and fraudulent financial reporting are two major issues caused by one single corporate problem: <em>fraud</em>. Misappropriation is said to be <em>more common</em> than fraudulent financial reporting since it implies using resources of the company that are at hand for personal uses. Instead, the harm caused by misappropriation is <em>less </em>than the caused by fraudulent financial reporting since the latter involves reporting fictitious expenditures, issuing checks in blank, booking "ghost employees", or even using the company's sensitive information -such as account numbers- at will.

8 0
3 years ago
g If the economy experiences economic contraction, the government can combat this with an Group of answer choices increase in go
Charra [1.4K]

Answer:

increase in government purchases

Explanation:

If there is a contraction in the economy, the government should conduct expansionary policies to increase money supply.

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

5 0
3 years ago
Financial managers should primarily focus on the interests of:
Sloan [31]
Financial managers should focus on share holders because the share holders are the one who has an ownership of shares in a company that they invest in. As financial managers are the ones who works for managing money in a more efficient way, that is why they should focus on share holders for they could manage the shares that they have in the company for it to be organized and accomplish goals that they need to meet.
7 0
3 years ago
a way to order merchandise for his personal benefit and fails to pay for the merchandise. creditors who have shipped merchandise
cestrela7 [59]

a way to order merchandise for his personal benefit and fails to pay for the merchandise. creditors who have shipped merchandise to Piercing the corporate veil.

What is Piercing the corporate veil?

"Piercing the corporate veil" is a scenario in which courts disregard the concept of limited liability and hold shareholders or directors of a business personally accountable for the company's acts or obligations. Most veil piercings occur in small businesses.

Therefore,

a way to order merchandise for his personal benefit and fails to pay for the merchandise. creditors who have shipped merchandise to Piercing the corporate veil.

To learn more about Piercing the corporate veil from the given link:

brainly.com/question/7269603

#SPJ4

7 0
2 years ago
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