Answer:
balance sheet
Explanation:
Businesses are required to prepare a balance sheet at the end of every financial year. The balance reports the net worth of a company. It lists all the assets and their values on one side and liabilities and equity on the side. The balance sheet follows the accounting equation to indicate the total assets on one side. It shows how the assets have been financed through liabilities and equity.
Answer:
Debit bonds payable $310000
Explanation:
Based on the information given The entry to record the conversion of the bonds will includes all of the following entries except Debit bonds payable $310000 reason been that we were told that On January 1, the par value bonds of $300,000 has with a carrying value of the amount of $310,000 which was converted to 50,000 shares of $5 par value common stock, which means that we are supposed to debit the amount, credit it to Equity/common stock.
Answer:
$250,000
Explanation:
Calculation of the amount of interest should Falwell capitalize in 2009
Based on the information given we were told that the company took out the amount of $2,500,000, 10% of the construction loan at the start of the year. Therefore the amount of interest that Falwell should capitalize in 2009 will be calculated as:
Interest = $2,500,000*10%
Interest =$250,000
Therefore the amount of Falwell interest should be $250,000
Answer:
Option B) 3 or 4; 2 or fewer
Explanation:
A high quality factor will not meet 3 or 4 and low quality factor will not meet 1 or 0 so option A, C and D are incorrect.
The correct option is B. 3 or 4; 2 or fewer as a high quality factor will meet three or four of the AQCD criteria; a low quality factor will meet two or fewer of the AQCD critieria.
