Interest expense is not Incurred on long-term liabilities.
Option i) Incurred on long-term liability.
Interest expenses are not recorded in the balance sheet. It should be recorded in the income statement.
The interest expense is a non-operating expense recorded on the expenses side of the income statement and it does not show as notes payable.
The interest expense is shown as a fixed cost or fixed expense it will be changed as based on the short-term changes or completion of payable.
The interest expense shows a factor in determining a company's borrowing risk.
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Answer:
a. $720,000
Explanation:
Since in the question, it is given that the equipment is sold at the list price
The list price is $800,000 and the selling percentage is 90%
So, the revenue should be recorded
= List price × selling percentage
= $800,000 × 90%
= $720,000
Simply we multiplied the list with the selling percentage so that the correct amount can come
 
        
             
        
        
        
Answer:
making it illegal to "disturb the peace." 
Explanation:
The local government addresses this problem by making it illegal to "disturb the peace." This means that any form of unruly public behavior, such as fighting or causing excessively loud noise is considered a criminal offense misdemeanor. Individuals charged with this crime may face some jail time, fines, or alternative sentences such as community service depending on the laws in that jurisdiction.
 
        
             
        
        
        
Answer:
1. The GDP deflator for this year is calculated by dividing the <u>value of all goods and services produced in the economy this year</u> using <u>this year's prices </u>by the <u>value of all goods and services produced in the economy this year </u>using <u>the base year's prices</u> and multiplying by 100. 
This is why the formula for the GDP deflator is = GDP by year n prices/ GDP by base year prices.
2. However, the CPI reflects only the prices of all goods and services<u> bought by consumers. </u>
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3. Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - <em><u>B) CPI</u></em>
The Chinese-made car is not made in the US and is included in the basket of goods consumers buy which is used to calculate calculate CPI.
4. Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - <em><u>A) GDP Deflator</u></em>
This is not part of the goods in the basket and it is assumed to be made domestically so it is part of the GDP Deflator. 
 
        
             
        
        
        
Answer:
$620,000
Explanation:
to determine the net cash flow generated by the project, we can use the indirect method to determine cash flows:
net income = $790,000 x (1 - 30%) =               $553,000
net income adjustments:
- depreciation expense                              $190,000
- increase in accounts payable                   $42,000
- increase in accounts receivable             ($79,000)
- increase in inventory                              <u>  ($86,000) </u>
Project's cash flow                                           $620,000
                                        Without the          With the         change
                                        project                  project
Accounts receivable     $5,000                  $84,000        $79,000
Inventory                     $98,000                 $184,000        $86,000
Accounts payable       $75,000                  $117,000        $42,000