Answer:
A) debit interest expense, $1000
Explanation:
to determine the accrued interest expense = $100,000 x 6% x 2/12 = $1,000
the journal entry should be:
December 31, 2018, accrued interest expense on note payable:
Dr Interest expense 1,000
Cr Accrued interest payable 1,000
Accrual accounting establishes that expenses must be recognize during the period that they occur regardless of when they are paid. So we must recognize 2 months worth of interest.
Answer:
C. Banks make private loans; their conclusions on who is creditworthy are not made public.
Explanation:
Investors in financial instruments who engage in information collection face a free-rider problem, which means other investors may be able to benefit from their information without paying for it.
Individual investors, therefore, have inadequate incentives to devote resources to gather information about borrowers who issue securities.
Answer:
9.11
xplanation:㏒
The coinsurance amount is 9.11.
Birthday of the dependent child is 1939-1945.
Date to play a claim is 1914-1918
Primary and secondary policy holders is 7/11.
<h2>Hope this helps! (: STAY SAFE AND BLESSED </h2>
It is an example of an intrinsic reward.
<u>Explanation:</u>
The occurrence given above is a case of AN INTRINSIC REWARD.
There are two types of remuneration, inborn and extraneous prize. An inborn prize is a sort of remuneration which is by and by picked up when one accomplishes a by and by set objective. An intrinsic reward is close to the individual who is occupied with a specific action.
For example, in the situation given over, the natural prize is the fulfillment and the satisfaction which Casey feels. An extraneous prize is a sort of remuneration that is given to one by a more significant position authority because of good execution.
Answer:
C. $258,000.
Explanation:
The computation of the net income reported is shown below:
= Gambling winnings - Travel costs - Office expenses - Supplies - Business long-distance phone charges
= $275,000 - $8,000 - $5,000 - $3,000 - $1,000
= $258,000
For computing this we ignored the illegal cost related to the illegal parking and the illegal information
