Answer:
gain from the debt restructuring = $160,000
Explanation:
given data
principal = $600,000
rate = 10%
settlement = $500,000
to find out
gain from the debt restructuring in income statement
solution
we get here owed a total that is
owed a total = Principal + Unpaid interest ...............1
put here value
owed a total = $600,000 + $60,000
owed a total = $660,000
and
gain from the debt restructuring is here as
gain from the debt restructuring = owed a total - settled .......2
gain from the debt restructuring = $660,000 - $500,000
gain from the debt restructuring = $160,000
Answer:
Explanation:
The two attached pictures shows the explanation for this problem. I hope it help you. Thank you
Answer:
The risk of arrest.
Explanation:
When someone contemplates robbing an establishment they consider how quickly the police will respond in certain areas.
Are there any choices? I would say black market if that's a choice or if its a write-in question.
Answer:
The activity base selected determines whether a cost behaves as a variable cost or fixed cost. This statement is true.
The correct answer is A.
Explanation:
Variable cost is a cost that fluctuates with respect to activity level while fixed cost is a cost that remains unchanged irrespective of activity level.
Thus, the activity base selected determines whether whether a cost is fixed or variable.
