The best option is to c<span>all the bank and stop the automatic payment.</span> Calling the company that holds the car loan and requesting for a repayment is the best way for it to get its money back. It will allow Angela to make a good effort to repay what she can and negotiate that can be acceptable to both sides.
Answer:
The amount of income tax expense that Southeast would report in its income statement for continuing operations is $ 18,750,000.
Explanation:
According to the details we the company had a Pretax earnings of $ 65 million and include there is an income of discontinued operation of $ 10 million, hence Total taxable income= $ 65 million +$ 10 million= $ 75 million.
The Income tax rate is 25%
Hence, the Income tax expense is Total taxable income × the Income tax rate
Income tax expense= $ 75 million× 25%
Income tax expense= $ 18,750,000
Answer and Explanation:
The two adjusting entries are as follows:
On May 31
Rent expense ($1,200,000 ÷ 5 months) $240,000
To Prepaid rent $240,000
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
On May 31
Unearned rent revenue Dr $148,800
To Ticket revenue $148,800
(Being unearned revenue is recorded)
Here the unearned rent revenue is debited as it decreased the liability and credited the ticket revenue as it increased the revenue
Answer:
The correct answer is letter "B": all publicly available information is reflected in current prices.
Explanation:
Within the Efficiency Market Hypothesis (<em>EMH</em>) the semi-strong market efficiency implies current stock prices reflect the public information made available in financial markets. According to this approach, the fluctuations in the stock price are the result of that information published and technical and fundamental analysis are useless in "predicting" stock price movements.