Answer:
The answer is $3,300.
Explanation:
To calculate interest paid on an amount, the following formula is used:
Simple interest = Principal × Rate × Time
Principal = $110,000
Rate in decimal = 9% = 0.09
Time in years = 4 months = 4/12 years
∴ Simple interest = $110,000 × 0.09 × 4/12 = $3,300.
Answer: Carrie's Balance Sheet (January 1, 2021)
Explanation:
The heading of the balance sheet should include as much as possible, the month and year of the balance sheet. It can also include the exact date.
This is done so that the Balance sheet can have a particular reference date such that stakeholders who use the balance sheet can know relate the financial performance of the company as of a certain day which would enable for better analysis.
Answer:
d. managerial accounting.
Explanation:
Managerial accounting -
It refers to the accounting practice , where identifying , interpreting , analysing and measuring the financial information to managers for the goals and target of the organisation , is referred to as managerial accounting.
It is different from the financial accounting .
Hence , from the given information of the question,
The correct term is d. managerial accounting .
Answer:
No impairment should be recorded
Explanation:
$2,530,000>$2,490,000 No impairment because the expected future net cash flows from the equipment is greater than the carrying amount.
Therefore Vaughn will record or report no impairment
