Answer:
The preparation is shown below:
Explanation:
The preparation is shown below:
Balance sheet
Current liability
current portion of long term debt $6,200,000
Long term liability
notes payable $32,900,000
Total liabilities $39,100,000
We simply classify the liabilities into two types i.e current liabilities and the long term liabilities
Answer:
The correct answer is letter "D": It results in learning that is less effective and less efficient.
Explanation:
Multitasking is the simple act of doing more than one thing at the same time. Fortunately, the human brain allows us to multitask in front of different situations. However, as the attention is placed in more than one activity the learning experience is reduced being less <em>effective</em> (does not provide any result) and less <em>efficient </em>(there is little to no quality in the process of learning).
Answer:
C
Explanation:
Amanda must get herself registered with the state board of accountancy.
To become a member of the certified public accountancy (CPA), one requires a bachelor’s degree in business administration, finance, or accounting.
The state Boards of Accountancy helps to assist state government in the licensing and regulation of the public accounting profession.
For Amanda to work as an auditor in a firm in California she has to register in the state board of accountancy.
Answer:
C) Recurrent Disability provision
Explanation:
The human body is a fantastic machine but sometimes when you have health problems they don't show up immediately.
For example you might get hit on the right side of your head severely and lose partial hearing from your right ear, but in a couple months you might notice that your short term memory has also been affected. Both disabilities were caused by the injury although one showed up before the other.
The insurance company has to provide the disability benefits without a new elimination period under the recurrent disability provision.
Answer:
Prepare the entry to correct the prior years' depreciation, if necessary.
any change in depreciation expense must be done for future events, past events cannot be adjusted
Depreciation expense 2021:
carrying value December 2020 = $69,000 - {[($69,000 - $4,600) / 8] x 5} = $69,000 - $40,250 = $28,750
depreciation expense per year (including 2021) = ($28,750 - $5,175) / 5 = $4,715
