Answer:
The correct answer is A and C as both are true statement.
Explanation:
Credit Card is a facility which is offered by banks to borrow money and it could be used by the borrower for buying expensive goods and the services up front. It has a time period, in which the borrower need to make payment for the amount used by the borrower along with the interest charged.
So, if the borrower paid the minimum amount towards the credit card, then the borrower is still in debt until clears or paid the whole amount and also will be charged the interest against the remaining balance or amount.
Answer:
Industrial Mining
Explanation:
Industrial Mining is the one who is responsible for the damage as the industrial mining is the company who owns the project for drilling in the surface rights and to extract the oil but due to drilling wrongly, it leads to the surface subsides and the structure collapsed where as the Grey is not responsible as it owns the surface rights for the High desert bunch comprise of bunk house and house.
Answer:
B. $31,250
Explanation:
The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;
Here the transaction price should be distributed to the performance obligations.
The sum of the standalone selling price is
= $40,000 + $120,000 + $160,000
= $320,000
And, the standalone selling price is $40,000
Now the revenue that should be recognized is
= $40,000 ÷ $320,000 × $250,000
= $31,250
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B. Associate of Arts degree (APEX)
