Answer:
B
Explanation:
My assumption here is the company receiving payment sold some sort of good or service. Deferred revenue is revenue received, but not yet earned, meaning it would be considered <em>earned</em><em> </em>in another period. This is recorded as a liability in the balance sheet.
Answer:
$36,900
Explanation:
Brown Company's
Account receivable and related Allowance for doubtful account $2,100 credit
$39,000 receivables uncollectible
Hence:
$39,000 – $2,100
= $36,900
Therefore the necessary adjusting entry would include a credit to the allowance account for: $36,900
It will 19.5 years.
Tuition=$125,000
Interest rate= 5%
5% of $125,000 = $6,250
$125,000 + $6,250 = $131,250
$131,250/$562(monthly payment) = 233.540925
233.540925/12(months in a year) = 19.4617438
round up and it 19.5 years
Answer:
Distinguish among different types of financial institutions.
Explanation:
