Answer:
Total debt= $20,000,000
Explanation:
Long term liabilities are what the government owes that are due in more than one year.
All the stated items are unmatured long term liabilities that will appear on the government wide financial position.
Although these items will not be recorded in government general funds.
Therefore
Total debt = Capital lease liabilities that mature in more than one year + Net pension liability associated with general government + General government bonds that mature in the next fiscal year
Total debt= 2,000,000+ 4,000,000+ 14,000,000
Total debt= $20,000,000
Answer:
The correct answer is letter "B": lower costs of production.
Explanation:
Production Costs are any expense associated with manufacturing a good or providing a service. Production Costs provide a baseline for determining a product's profitability. The lower the production costs of a company, the higher the profits they will earn.
The answer is True.
Yeah that's the answer
Answer:
Dr Cash 105,600
Dr Compensation Expense 14,400
Cr Common Stock 10,000
Cr Paid-In Capital – Excess of Par 110,000
Explanation:
KL Corp Journal entry
Dr Cash 105,600
Dr Compensation Expense 14,400 (10,000*12*12%)
Cr Common Stock 10,000 (10,000*1)
Cr Paid-In Capital – Excess of Par 110,000
(10,000*(12-1))
