Dec 31
Dr Interest expense $72,000
Cr Interest Payable $72,000
($900,000*9%)
(Being to record the first year interest expense accrued)
<h3>What is Interest Payable? </h3>
Interest Payable is a liability account, shown on a company's balance sheet, which represents the amount of interest expense that has accrued to date but has not been paid as of the date on the balance sheet.
In short, it represents the amount of interest currently owed to lenders.
<h3>Is interest payable an asset?</h3>
Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet.
Learn more about interest payable here:
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brainly.com/question/14608867</h3><h3 /><h3>#SPJ4</h3>
Answer:
Prosperity is a period in which all common goods are plentiful or a certain areas economy does very well or a population boom that is well sustained.
Answer:
Causal Ambiguity
Explanation:
In this specific scenario, it can be said that they have been protected from losing its competitive advantage as a result of Causal Ambiguity. This term refers to a situation where it is hard or even impossible to relate the consequences or effects of a phenomenon to its initial states or causes. This is the case because Gene Electonics Inc's success (phenomenon) cannot be traced back to an initial cause, which makes it impossible to replicate. Therefore, no other company can compete.
Her salary from her job, alimony, and child support. All of these impact her income and can be included. The specific requirements vary by the type of lan and lender.
Answer:
implement strategic process/behavior/models that will achieve desired result/outcome
Explanation:
As a student, he/she became a strategist in preparations for exams and presentation and it has the desired outcome (success). When such a student becomes a manager, he/she would also apply the same strategic behaviour from college by mapping out strategies to ensure desired results as a manager.
Cheers.