Answer:
The answer is: D) $32,000
Explanation:
In 20x3, Cris. Co. paid in cash $68,000 for interest, including $15,000 of interest from 20x2.
The amount of cash paid for 20x3 interests = $68,000 - $15,000 = $53,000
Interest payable = interest expense 20x3 - cash paid for 20x3 interests
interest payable = $85,000 - $53,000 = $32,000
If you do t plan on having it for a long time, then you don’t have to worry about the maintenance issues and upkeep.
<span>The answer is : Brute Force Method</span>
Answer: c. shields the personal assets of owners from liability claims.
Explanation:
An advantage of limited liability is that it shields the personal assets of owners from liability claims.
For a limited liability company, it should be noted that the liabilities of the members in the company for the debts that are incurred are limited only to the investment of the members. Personal assets are not affected if the company first into debt.
Explanation:
The formula to compute the current ratio is shown below:
Current ratio = Total Current assets ÷ total current liabilities
where,
Total current assets = $4,315 million
And, the total current liabilities is $2,453 million
So, the current ratio is
= $4,315 million ÷ $2,453 million
= 1.76 times
Since the current ratio is greater than the 1.76 times that reflects that company have a liquidity position and it is able to pay its short term obligations
