A company borrowed $10,000 by signing a 180-day promissory note at 9%. The maturity value of the note is: (Use 360 days a year.)
A. $11,800
B. $10,900
C. $10,075
D. $10,300
E. $10,450
Answer: E
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Passive agreement is a goal of what kind of presentation?
a. informative b. solicitation c. call to action d. persuasive
Mr. Jackson has $100,000 of qualified business income, he is entitled to a QBI deduction of $25,000.
Answer the following statement true (T) or false (F)
Golden Enterprises started the year with the following: Assets $113,000; Liabilities $39,500; Common Stock $69,500; Retained Earnings $4000. During the year, the company earned revenue of $6000, all of which was received in cash, and incurred expenses of $3500, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $2000 to owners. Assume no other activities occurred during the year. What was the amount of Golden's net income for the year?
A. $3500 B. $2500 C. $6000 D. $2000
Answer the following statements true (T) or false (F)
1. Purchasing equipment is considered an operating activity on the Statement of Cash Flows. 2. Financing activities on the Statement of Cash Flows represent decisions made by management to buy or sell long term assets. 3. If a business is planning on growth, it will generally issue additional dividends to shareholders. 4. Account titles such as Salaries Expense and Rent Expense would be numbered starting with a 3. 5. An account numbered 321 would be considered a Stockholders' Equity account as it begins with a