Answer:
The correct entry is d. Notes Receivable, Dame Company6,000 Accounts Receivable, Dame Company6,000
Explanation:
Note receivable is a written promise to get a specific amount of money at a chosen future date. In other words, a Notes receivable is an asset of Paper Company because it holds a written promissory note from Dame Company. Since Paper Company is receiving cash, it an asset (Asset means the possessions of a company). The note receivable is due within a year, and then it is a current asset on the balance sheet
In this question, Paper Company will debit it note receivable and credit it account receivable (amount owed by Dame Company) as shown on the journal below
General Journal Debit Credit
Notes Receivable—Dame Company $6,000
Accounts Receivable—Dame Company $6,000
Answer: Option C
Explanation: Short term receivables refers to the amount of receivables that are to be received within a year. Thus, discounting a value for just one period with the market interest rate won't make a big change in value.
Hence the discount is usually considered immaterial as it is very small in value.
The discounting method is usually used for the long term investments in which a huge amount is invested for a period more than on year. As interest rates could change the value of a amount received due to their fluctuating nature.
Thus, the correct option is C.
Answer:
Honestly, Bill Can not sue Tom
Explanation:
Firstly I don't know the contractual agreement between Tom and Bill, but based on the fact that Tom informed Bill of the latest happenings as regards the umbrella,
Hence Bill is well Informed.
Now Bill tested his umbrella and they were OK, it doesn't rule out the fact and the possibility of 14 out 100 to be bad, this can be in a form of factory error.
Answer: a.Purple, Blue, and Yellow.
Explanation: he does not have a controlling interest in green yet because it's percentage of control is still below 50% so it cannot report green's income.
Oscar Pistorius, the sports personality, faced a situation of a murder case that negatively exploited by the media. Oscar Pistorius is a South African sprint runner who competed in Paralympic events. He was convicted as a murderer for the murder case of his girlfriend, Reeva. There were many frenzied media that distract the trial process.