Answer:
adjusted net income 8,555
Explanation:
unadjusted net income 8,500
earned revenue 900
salaries expense (550)
interest expense (90)
supplies expense <u> (205) </u>
adjusted net income 8,555
The salries are considered expense,
the interest due are the interest accrued in a note payable
the supplies used are the supplies expense
the unearned revenue beomes earned through time adn by, providing services. It increase the total reveneu for the period.
The answer to this question is "loan out".
A goldsmith could hold some gold in reserve for depositor's withdrawals, but "LOAN OUT" excess gold and thereby make a profit from the depositor's funds. This loan out is also refer to the long term financing.
Answer: Option B
Explanation: In simple words, the market in which the price of the securities reflect all the information that is relevant to the the investor is called an efficient market. No investor can beat such markets as no security is undervalued or overvalued.
This accuracy in pricing could only be maintained when all the participants are fully aware of new information which is possible only if the information is quickly spread in the market.
Hence the correct option is B.
Answer:
$90,000
Explanation:
Calculation to determine what Jamie’s at-risk limitation on losses is:
Using this formula
Risk limitation on losses=[Partnership M +(General partnership interest× Recourse debt agreement)]
Let plug in the formula
Risk limitation on losses= [$40,000 + (50% × $100,000)]
Risk limitation on losses=($40,000+$50,000)
Risk limitation on losses=$90,000
Therefore Jamie’s at-risk limitation on losses is:$90,000 and the reason why Jamie’s at-risk limitation on losses was the amount of $90,000 was because of his share of the recourse debt of the amount of $100,000 as well as the cash amount of $40,000 he invested.
