Answer:
Explanation:
If I was Frank I wouldn’t have disclosed the information from one company to the next, it is unethical and with an NDA information shouldn’t be passed on. Even though, it may have been an opportunity for the company he got hired and a threat to the company he disclosed the information from.
Answer:
$14,000
Explanation:
Amount of interest expense = [(Bond issued by 'S' company x 9%) - Amount of
premium x (unsold bonds / Bonds issued)]
= (300,000 x 0.09) - 60000/10 x 200,000/300,000
= (27,000 - 6000) x 0.66667
= 21,000 x 0.66667
= $14,000
Answer:
Interest receivable A/c Dr $225
To Interest revenue A/c $225
(Being the accrued interest is recorded)
Explanation:
The journal entry to record accrued interest is shown below:
On December 31
Interest receivable A/c Dr $225
To Interest revenue A/c $225
(Being the accrued interest is recorded)
For recording this transaction we debited the interest receivable as it reflect in current asset and credited the interest revenue for $225 as it depict income
Answer:
The correct answer is $20,000.
Explanation:
According to the scenario, the given data are as follows:
Gross income = $180,000
Business expense = $160,000
Mortgage interest and property taxes expense = $14,000
Other home office expense = $9,000
So, we can calculate the total allowable home office deduction by using following method:
As we know, first we have to deduct the business expense from the gross income and than if there any net income left than other expense can be deducted.
Hence,
= Gross income - Business expense
= $180,000 - $160,000
= $20,000
Answer:
Option D is the right answer. The company will conduct a personality test to select the right candidate.
Explanation:
The Glenap is an e-commerce organization, and they believe that organized and hardworking candidate is likely to succeed at the job and these skills cannot be developed through training. In order to assess the capability of a candidate to meet the deadlines and how hardworking a candidate is, the personality test is the right technique to pick the right person for the job.
