The
correct answer to this question is that:
<span>Under
the real property loan, the maximum amount a borrower can pay for
closing costs is $700. </span>
<span>
The
law states that the amount shall not exceed 5% of the principal amount of the
loan or $390, whichever is greater but not exceeding $700.</span>
Answer:
a.common stock.
Explanation:
The additional $10,000 of owners equity after listing on the stock market will be named as common stock. After listing company issues shares for capital investment in it. Common stock is the appropriate term used for every addition in the owners equity. So the correct option is a.common stock.
Answer:
Direct Labor hours 9,600
Direct Labor Cost $192,000
Factory Overhead $105,600
Explanation:
2,400 units
<u>Direct Labor Hours</u>
2,400 x 4hs x = 9,600
<u>Dorect Labor Cost </u>
9,600 hours x $20 = $192,000
<u>Factory Overhead</u>
9,600 hours x 11 = 105,600
Answer:
D. Debit Deferred Revenue and credit Service Revenue for $12,000.
Explanation:
Total Subscription receipt for one year = 400 x $90 = $36,000
Number of months accrued = December 31, 2021 - September 1, 2021 = 4 months
Revenue accrued = Total Revenue x (Number of Months accrued / 12) = $36,000 x (4/12) = $12,000
So the correct option is D. Debit Deferred Revenue and credit Service Revenue for $12,000.