Answer:
The December 31 balance sheet should show the following liabilities:
Current liabilities:
Current portion of notes payable $250,000
Long term liabilities:
Notes payable $750,000
Current liabilities include all the liabilities that are due within one year of the presentation of the balance sheet. While long term liabilities include all the liabilities that are due in more than one year.
Even if the total liability is due in more than one year, but a tranche or installment is due within one year, this must be included as current portion of long term liability under current liabilities.
I think D. I know it’s definitely B
<span>A healthy inflation rate that federal officials for spending business investment and higher wages is 2%. 2% is the most consistent value over the years. If there is a drop it is considered possible drop to deflation. Increase will make long-term decisions questionable.</span>
Answer:
c. Between 9 and 10 years
Explanation:
The computation of the time period is shown below:
Future value = Present value × (1 + interest rate)^number of years
$4,000 = $2,000 × (1 + 7.5% ÷4)^time period ×2
After solving this
The time period is
= 9.3283
Hence, it lies between the 9 and 10 years
Therefore the correct option is c.
And all other options are wrong.
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The statement "<span>A profit-and-loss statement is a financial document that shows a company's income and expenses." is true</span>
