A company received $75,000 cash from a bank loan that must be repaid in three years. Which of the following items would be increased by this specific transaction? a. Total Liabilitiesb. Total Assetsc. Interest Payabled. Interest Expensee. Cash from Financing
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company received $75,000 cash from a bank loan that must be repaid in three years. Which of the following items would be increased by ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In 2014, Firm X made $500 in sales with $1,200 in fixed assets. Suppose the firm had been operating at 75% of fixed asset capacity.
Answers (1)
Candle Shop, Inc. has net sales on account of $1,700,000. The average net accounts receivable are $630,000. Calculate the days' sales in receivables. (Use 365 days for any calculations.
Answers (1)
Green Day Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $65 per share.
Answers (1)
Shane is looking for ways to get more capital for his appliance sales and service business. he is very protective of his company's information and fears that it will get into the wrong hands. shane would probably not want to
Answers (1)
Amous architect who said "there is no architecture without construction"
Answers (2)
New Questions in Business
otato Company began the period with an accounts receivable balance of $2,693 and a balance in the allowance for doubtful accounts of $494 The following transactions occurred in Potato Company a.
Answers (1)
A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars of a better known brand-whose products are priced at $8 apiece.
Answers (1)
The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.
No Answers
Perfect price discrimination describes a situation in which the monopolist a charges exactly two different prices to exactly two different groups of customers. b maximizes consumer surplus. c experiences a zero economic profit.
Answers (1)
On August 1, Masters Company buys 2000 shares of ABD common stock for $72500 cash. On December 1, the stock investments are sold for $75000 in cash.
Answers (1)