Answer:
In any duel between a speaker and listener, it's always easy to fault the other person and it will begin with you. You can set the proper tone. Remember to take notes if you can.
Explanation:
Listen to what I'm saying and you will be good at it.
Answer:
Increase current liabilities by $278.25; increase non-current liabilities by $15,900.
Explanation:
Quarterly interest expense = Amount borrowed * (Annual interest rate / 4) = $15,900 * (7% / 4) = $15,900 * 1.75% = $278.25
Since, interest is paid at the end of the second and fourth quarters and principal payments are due at the end of each year, that means both the interest expense and the principal are still liabilities at the end of the first quarters.
It should be noted that a three-year promissory note of $15,900 is a non-current liability since its tenure is more than one year, while the quarterly interest expense of $278.25 for the first quarter is a current liability since it is dues within a year.
Therefore, the effect of this new promissory note on the current and non-current liability amounts reported on the classified balance sheet prepared at the end of the first quarter will be as follows:
Increase current liabilities by $278.25; increase non-current liabilities by $15,900.
Answer:
In order to help preserve and protect our environment, builders should construct more "green" buildings.
Explanation:
The reason is that the greener planet is only possible if whatever we do doesn't harms our present and future environment and this is only possible if the operations of businesses and individuals are greener. So the main idea was that the businesses must move to greener planet which in other words was sustainability. Sustainability is meeting present generation needs without compromising future generation needs.
On January 30, the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
Explanation:
- On November 1, Wright Co. borrowed $20,000 cash from the Third Bank by signing a 90-day, and 6% of interest-bearing note.
- On December 31, it was recorded an adjusting entry to interest expense of $200.
- On January 30, which is the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
- Interest expense is an expense which is known as a non-operating expense which is shown on the income statement. It also represents interest payable amount when it is borrowed. For Example,
- bonds,convertible debt, loans or lines of credit
- The main difference between the interest expense and the interest paid is that the discount amount and this difference changes the net amount of bond liability.
- Interest expense is an amount determined by the interest rate on an account.
Answer:
C. have the ability to change the corporation's bylaws.
Explanation:
Shareholders of a corporation have limited liability which means that the liability of owners are limited to the amount invested in the business. Therefore, they aren't protected from all losses.
Distributions are taxed at the corporate and personal level.
Shareholders have some control over the corporation. They elect the directors who run the corporation. They have to approve of major decisions. They aren't involved in the daily running of the corporation.
Corporate shareholders have the ability to change the corporation's bylaws.