Answer:
The interest expense should be recognized on the zero-interest-bearing promissory note is 22.000
Explanation:
Interest expense = (Fair value of the land * Interest rate)
Supposing a interest rate of 11% we get:
Interest expense = 200.000 * 11% = 22.000
Answer:
Option "C"is the correct answer to the following statement.
Explanation:
The retrospective method effect requires the development of new accounting procedures. In other terms, the retrospective method would affect the reporting of past time financial statements.
In this situation, the company will use the equity method at the place of the Fair-value method for calculating and control over their investment, so the above option is correct.
Based on business sales strategy, marketing intermediaries add <u>time utility</u> to products by having them available when consumers want them.
This is because the <u>time utility</u> allows the business firms and marketers to make the products available to the consumers whenever they need them.
<u>Time utility</u> is a marketing tool used by the business firms like retails to add value to products and to bridge the gap between the products and consumers.
Hence, in this case, it is concluded that the correct answer is "<u>time utility</u>."
Learn more here: brainly.com/question/12514869
Answer:
$.5
Explanation:
Net Income $200,000
Shares outstanding from Jan 1-June 30 450,000*6/12=225,000
Shares outstanding from Jul 1-December 31 (450,000-100,000)*6/12=175,000
Weighted average shares outstanding (225,000+175,000)=400,000
Basic EPS=Net income-preferred stocks dividend (if any)/Weighted Average shares outstanding=$200,000/400,000=$.5
