Answer:
$360
Explanation:
Interest Expense associated with the loan is the only operating cash flow. We need to calculate the interest expense first
As the note is issued on August 1, year 1, only 5 months has been passed on December 31, year 1, So we calculate the interest expense for only 5 months.
Interest Expense = Value of Note x Stated Interest rate x 5/12 = $10,800 x 8% x 5/12 = $360
It is assumed that the interest is paid on December 31, year 1.
Answer:
B) $300,000.
Explanation:
Since Grade Company cannot exercise any real influence on Medium Company, it cannot value its investment using the equity method and must record its investment at fair market value. This means that the investment account must equal the market value of the 20,000 stocks, which in this case is $300,000. Grade Company should also record dividends received as revenue from investing activities.
Answer:
I am from Long Island but live in NC
Explanation:
Answer:
The correct answer is "Executive office of the president"
Explanation:
The Executive Office of the President of the United States (EOP) is a gathering of agencies belonging to the executive branch of the government of the United States of America. The principal function is to support the president works.
The Office of Management and Budget and the Council of Economic Advisers are part of the EOP.
