Answer:
A. Wilma must include the $1,000 of interest in her income this year.
Explanation:
the interest is taxed when is being credited to the account and this is why Wilma must include it in her income for this year.
Answer:
Notes Payable - Balance sheet
Advertising expense - Income statement
Common stock - balance sheet
Cash - balance sheet
Service revenue - income statement
Dividends - Statement of Retained Earnings
Explanation:
A. Notes payable will appear on Balance sheet(Under Liability)
B. Advertising expense will appear on Income statement(Under expense)
C. Common stock will appear on Balance sheet(Under Equity)
D. Cash will appear on Balance sheet(Under Asset)
E. Service Revenue will appear on Income statement(Under revenue or sales or income)
F. Dividends will appear on Statement of Retained Earnings which is the same thing as Statement of Owner's Equity
Answer:
2.29%
Explanation:
The computation of the debt to equity ratio using book value of equity is as follows;
As we know that
Debt to Equity Ratio = Debt ÷ Equity
where,
Debt = $239.7 + $10.7 + $39.9
= $2901.1
And, equity is $126.6
Now
Debt to Equity Ratio is
= $290.1 ÷ 126.6
= 2.29%
