Business, 17.04.2020 23:28 dfrtgyuhijfghj4794

The Tony Hawk Skate Park has a 5 year instalment loan with monthly payments of $5.000 including interest Currently the first twelve monthly payments have been recorded as a current b y The VP
of Finance, tels board members that he plans to classify the current portion of the installment note as long term. He explains that lenders will be more willing to let the company borrow and will offer lower
interest rate the company reports fewer current liabilities
Murple Choice
The by to borrow at lower
states is more mportant than being ethical
Casting the first the
mort payments as a currently is not required by GAAP
Oo oo
Presenting into whasong current
is acceptable at anycost
O
Reporting the current portion of song. com
teas long-term debt
representation of the fnancial position of the company

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:50, shanedawson19

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

Answers: 1

continue

Business, 22.06.2019 21:00, diablo871

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:

Answers: 3

continue

Business, 22.06.2019 22:50, esid906

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.

Answers: 2

continue

Business, 23.06.2019 02:50, seanisom7

Ll companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. assets and costs are proportional to sales. debt and equity are not. a dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. next year's sales are projected to be $10,584. what is the amount of the external financing need?

Answers: 3

continue

You know the right answer?

The Tony Hawk Skate Park has a 5 year instalment loan with monthly payments of $5.000 including inte...