subject
Business, 21.01.2021 22:10 quintonps12

BJ Corporation is a cash-basis business. BJ signed a six-month, 12% note payable of $5,000 on October 1st, 2022. By recording the interest expense related to the note only when it is paid on April 1st, 2023, BJ will understate expenses by on its year-end financial statements on December 31st, 2022. A : $5,600 B : $300 C : $0 D : $150

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 08:00, savannahworkman11
How do communism and socialism differ in terms of the role that government plays in the economy ?
Answers: 1
image
Business, 22.06.2019 09:40, MileenaKitana
Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?
Answers: 2
image
Business, 22.06.2019 11:40, sabrinabowers4308
Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes
Answers: 1
image
Business, 23.06.2019 10:00, moeshawashingto1
Vincent enjoys investing his money in ways that can generate a return. he realizes that also a chance that his investment will decrease in value. this chance is known as a. opportunity cost b. risk c. recession d. deterioration
Answers: 1
You know the right answer?
BJ Corporation is a cash-basis business. BJ signed a six-month, 12% note payable of $5,000 on Octobe...

Questions in other subjects:

Konu
History, 02.10.2020 14:01