Reference no: EM132649281
Problem 1: Which of the following equations is correct?
1) Equity = Assets minus Liabilities.
2) Assets plus Liabilities = Equity.
3) Assets = Liabilities minus Equity.
4) Liabilities = Assets plus Equity.
Problem 2: On November 1, 2020, Halton Corp. purchased equipment by signing a 6-month, 4% note for $180,000. The December 31, 2020, adjusting entry required in connection with this note is
1) debit Interest Expense and credit Interest Payable, $7,200.
2) debit Interest Expense and credit Interest Payable, $1,200.
3) debit Interest Expense and credit Interest Payable, $3,600.
4) debit Interest Expense and credit Cash, $1,200.
|
Evaluate how industry issues can impact risk assessment
: Evaluate how industry and business environment issues can impact risk assessment by identifying specific financial statement risks
|
|
Explain the three main theories of international relations
: Explain the three main theories of international relations. Which do you think is most useful in helping you understand the topic of your research paper? Why?
|
|
List 5 stakeholders that can affect your business
: According to the Stakeholder model,1. List 5 stakeholders that can affect your business. 2. explain how 3 of those stakeholders can affect your business
|
|
Political instability affects the exchange rate
: How does government debt, recession and political instability affects the exchange rate
|
|
Find adjusting entry required in connection with the note is
: Find adjusting entry required in connection with the note is. On November 1, 2020, Halton Corp. purchased equipment by signing a 6-month, 4% note for $180,000.
|
|
What is the premium or discount
: Fish Corp. purchases a $500,000 face value bond which matures in two years. The coupon rate is 6% and the market rate is 7%. What is the premium or discount
|
|
Draw the budget set with consumption in first period
: Draw the budget set with consumption in first period C0 on the horizontal axis and consumption in second period C1 on the vertical axis.
|
|
What the required adjusting entry to reflect the fact is
: What the required adjusting entry to reflect the fact is? On May 15, 2020, Bagle Corp. purchased 1,000 common shares of Holter Inc. for $24,000
|
|
How much premium or discount will be amortized
: Fiesta Corp. purchases a $500,000 face value bond which matures in two years. How much premium or discount will be amortized in the first year
|