The company determines that the interest expense on a note payable for period ending December 31 is 775 . This amount is payable on January 1 . Prepare the journal entries required on December 31 and January 1.
Question 2
What is the general rule for recognizing revenues in governmental funds?
a. revenues should be recognized when the budget is adopted
b. revenues should be recognized when available and measurable
c. revenues should be recognized when collected in cash
d. revenues may be recognized either when collected in cash or when the budget is adopted, at the option of the government
Embryonic Period
Embryonic Period
Fetal Period
After 159 days,she paid a maturity value of $11,626, which included interest of $814.
A company that makes cell phones has the following cost structure. They have fixed costs of ...
December 11, 2023