Answer: Charge off as bad debt means that the remaining amount is considers as a bad debt but it doesn't mean that you no longer owe to the amount that is not being repaid.
Explanation:
The expression "charge off" implies that the original lender has given up on being repaid by the original terms of the credit. It believes the rest of the balance to be bad debt, yet that doesn't mean you never again owe the sum that has not been repaid.
After a record is charged off by the original creditor it is typically sent to an accumulation organization. The collection agency will at that point taking an attempt to recover the rest of of the amount with additional interest and fees.
Answer:
Investors most commonly buy and trade stock through brokers. You can set up an account by depositing cash or stocks in a brokerage account. Firms like Charles Schwab and Citigroup's Smith Barney unit offer brokerage accounts that can be managed online or with a broker in person.
Answer:
The statement of cash flows should report net cash provided by financing activities of $265,000.
Explanation:
Cash Flow from Financing activites:
Common stock issued = $200,000
Dividend Payment = ($30,000)
Issuance of note payable = $45,000
Issuance of Bond = <u> $50,000 </u>
Net cash flow = <u>265,000</u>
The statement of cash flows should report net cash provided by financing activities of $265,000.
Answer:
amount of current assets is $61400
Explanation:
given data
inventory = $17600
equipment = $128300
accounts payable = $24700
cash = $11900
accounts receivable = $31900
to find out
the amount of the current assets
solution
we know here that current assets have cash and inventory and account receivable and
account payable is current liability
and equipment is long term assets
so
we can say current assets will be
current assets = inventory + cash + account receivable ....................1
put here value
current assets = 17600 + 11900 + 31900
current assets = $61400
So, current assets = 11,900+17,600+31,900 = 61,400 (Answer)
Answer:
Easy to transfer ownership.
Explanation:
its ownership is easily transferable via the sale of shares of stock.
