The important thing to remember when asking a person to be a
part of your employment network is that to always to think that an individual
has their own strength and weaknesses and it’s up to you to take note whether
it is an asset to the company.
Answer: Income statement $100,000
Balance sheet warranty liability $Nill
Explanation:
Since we are at the end of the period and all activities has been concluded with no expectation of claim of repairs. The firm will only record the cost incurred for current period on repairs which is $100,00 ( $100*1000) . The liability will be zero since the company has taken care of all repairs for the period.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Borrowed money obtained through loans of various types is
called debt capital. capital is a loan made to a company that is normally
repaid at some future date. Debt capital is the loan that a business raises by
taking out a loan.
