Business, 08.10.2019 03:00 jj1077348

Believe, inc. has a calendar year end. on january 25, 2017 while preparing the 2016 financial statements, believe, inc. refinanced a $2 million, 30-year term note payable, which was due on march 31st, 2017. the new note has a 20-year term. in the december 31st, 2016 balance sheet, how should the $2 million debt be classified?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:00, Shyshy876

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Answers: 3

continue

Business, 22.06.2019 22:10, ggg509

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.

Answers: 1

continue

Business, 23.06.2019 02:00, kyralynn123

You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm

Answers: 1

continue

Business, 23.06.2019 10:00, adriandehoyos1p3hpwc

Lester's fried chick'n purchased its building 11 years ago at a cost of $189,000. the building is currently valued at $209,000. the firm has other fixed assets that cost $56,000 and are currently valued at $32,000. to date, the firm has recorded a total of $49,000 in depreciation on the various assets it currently owns. current liabilities are $36,600 and net working capital is $18,400. what is the total book value of the firm's assets? $251,000 $241,000 $232,600 $214,400 $379,000

Answers: 2

continue

You know the right answer?

Believe, inc. has a calendar year end. on january 25, 2017 while preparing the 2016 financial statem...