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8090 [49]
3 years ago
13

The claims of creditors against the assets are

Business
1 answer:
marta [7]3 years ago
5 0
Liabilities and owner's equity 
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Which of the following is considered to be an internal administrative cost that companies may incur when ethical wrongdoing is d
Nana76 [90]

Answer:

b

Explanation:

b

8 0
3 years ago
The winner of the first annual Tom Morris Golf Invitational won $115 in the competition which was held in 1901. In 2015, the win
pickupchik [31]

Answer:

$31,920,341.91

Explanation:

The computation is shown below:

For computing the receiving amount in 2052 first we have to determine the rate which is shown below:

Current value = Initial value × (1 + interest rate)^time period

$1,480,000 = $115 × (1 + interest rate)^114

So, after solving this, the interest rate is 8.654%

Now the received amount in 2052 is

= $1,480,000 × (1 + 0.8654%)^37

= $31,920,341.91

The time period is come from

= 2015 - 1901

= 114

And, the 37 years is come from

= 2052 - 2015

= 37

5 0
3 years ago
Kinney, Inc., an electing S corporation, holds $5,000 of AEP and $9,000 in AAA at the beginning of the calendar tax year. Kinney
Murrr4er [49]

Answer:

(C) $1,500 dividend income.

Explanation:

The total AAA available is $15000($10000+$5000(taxable income)).

The total distribution $18000(($6000×2)+($3000×2))

Here since available AAA is $15000 each get deduction of $7500($15000×500shares/1000shares).Hence $1500(i.e $6000+$3000-$7500) is taxable.

7 0
3 years ago
Select the best closing paragraph of a bad-news letter. a. Once again, we want to express how sorry we are that we are not able
Alina [70]

Answer:b

Explanation:

3 0
3 years ago
On November​ 1, 2017, Austin Services issued​ $304,000 of​ five-year bonds with a stated rate of​ 11%. The bonds were issued at​
Stells [14]

Answer:

The amount of interest expense was recorded for the period of January 1 to April​ 30, 2018 would be $11,147

Explanation:

According to the given data we have the following:

Bonds Amount=$304,000  

Stated rate of interest=11%  

To calculate the amount of interest expense was recorded for the period of January 1 to April​ 30, 2018 we have to calculate the following formula as follows:

Interest expense for period(Jan-April)=Semi Annual Interest-Interest expense payable on Dec31

Semi Annual Interest=$304,000*11%*6/12= $16,720    

Interest expense payable on Dec31=$304,000*11%*2/12=$5,573    

Therefore Interest expense for period(Jan-April)=$16,720-$5,573=$11,147      

The Journal Entry would be as follows:    

                                                                 Debit $ Credit $

30-Apr Interest expense Account Dr.  $11,147  

Interest expense Payable Account Dr.           $5,573  

                                               Cash Account    $16,720

3 0
3 years ago
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