The 3rd one is not affected by a persons credit score
Answer:B. False
Explanation: This is because
BSA is a trade group founded by Microsoft that represents the world's largest software and hardware manufacturers whose mission is to stop the unauthorized COPYING of software by its members to eradicate piracy by acting as an advocate for the global software industry in government and in the global market.
---its duty does not stop unauthorized software produced but prevents COPYING of software by it's members.
Answer:
The computation is shown below:
Explanation:
The journal entries are shown below:
a. Account payable $70,000
To Notes payable $70,000
(Being the issuance of the note is recorded)
b. Note payable $70,000
Interest expense $1,575
To Cash $71,575
(Being the payment of the note at maturity date including interest is recorded)
The computation is shown below:
= $70,000 × 9% × 90 days ÷ 360 days
= $1,575
We assume 360 days in a year
Now the effects on the accounts and the financing statement for issuance of the note is shown below:
Balance sheet
Assets = Liabilities + Stockholder equity Income statement cash flow statement
No effect = Account payable - $52,000 + No effect No effect + no effect
Note payable + $52,000
Rather, inheritance tax is imposed on the property passed to an heir. According to the Internal Revenue Service (IRS), as of 2016, estate tax is only applied to estates worth more than $5.45 million, and if the estate is passed to the spouse of the deceased person, no estate tax is assessed.
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