brock exchanges a property with an adjusted basis of $40,000 subject to a mortgage of $20,000 for a property owned by reese with a fair market value of $80,000. reese assumes the mortgage. no cash or other assets were part of the trade. brock's amount realized is:

Answers

Answer 1

Both the transferred and the received property must be put to use in a trade or business or kept as an investment.

What is the main tax advantage of owning a home or other type of income property?

The main tax advantages of owning rental property include the ability to write off owner and operating expenses, delay capital gains taxes, and take advantage of depreciation. The majority of the time, an investor's rental property income is taxed according to their federal income tax bracket as ordinary income.

What goal does an assessment equalization factor serve?

Equalization Factor or Multiplier: The equalization factor, also referred to as a multiplier, is a method used to uniformly appraise all real estate.

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Related Questions

if job candidates must be able to lift 40 pounds to be allowed to advance to the next stage of the hiring process, lifting ability is what type of measure?

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Lifting capacity is a physical test if job seekers must be able to lift 40 pounds in order to move on to the next stage of the hiring process. It evaluates a candidate's physical ability to carry out the duties of the position.

The criterion for lifting is a test of physical fitness, more particularly, a test of physical fitness for the profession. This kind of test determines whether a job applicant has the physical skills required to carry out the fundamental duties of the position securely and proficiently. Physically demanding occupations including manufacturing, construction, and warehouse work frequently require job-related physical ability tests. These procedures are used to make sure that candidates can fulfil the physical demands of the work without endangering themselves or others. The lifting capacity requirement in this situation assures that the job applicant can safely lift the weight necessary to carry out the essential duties of the position.

 

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a change in quantity supplied is represented by a movement along the supply curve. question content area bottom part 1 true false

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It is true that a shift along the supply curve corresponds to a change in the quantity delivered.

The supply curve shows how the cost of a good or service relates to how much is provided over a certain length of time. In a typical situation, the price will be displayed on the left vertical axis and the quantity delivered will be displayed on the horizontal axis.

The supply curve, which increases from left to right, expresses the law of supply: The supply grows when the cost of a certain product increases (all else being equal).

For the majority of supply curves, the quantity supplied increases as the cost of the commodity decreases.

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what type of insurance would be used for a return of premium rider?

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If the policyholder does not pass away while the policy is in force, a return of premium rider enables them to recoup the premiums they have paid during the policy. The term "return of premium life insurance" is also used to describe policies containing this clause.

An ROP term life insurance policy offers a return of premiums paid if you survive past the policy's term in addition to providing a death benefit if you pass away. ROP life insurance may cost more than standard term life insurance due to this added benefit.

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mary beth is considering accepting some additional contract work. she is trying to evaluate whether the compensation for the job is worth the effort. which tax rate should she use to calculate her after-tax proceeds of accepting the job? multiple choice question. effective tax rate

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To calculate Mary Beth's after-tax proceeds from accepting additional contract work, she should use her marginal tax rate.

The marginal tax rate is the tax rate that applies to the next dollar of income she earns. It takes into account the fact that as Mary Beth earns more income, she may move into a higher tax bracket, which would increase the amount of tax she pays on her additional income.

By using her marginal tax rate, Mary Beth can calculate the after-tax amount of compensation she would receive from the additional contract work. This will help her evaluate whether the compensation is worth the effort, taking into account the tax implications.

It's important to note that the marginal tax rate may be different from the effective tax rate, which is the total amount of tax paid as a percentage of total income. The effective tax rate is useful for understanding Mary Beth's overall tax burden, but it may not accurately reflect the impact of additional income on her tax liability.

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1. Quantitative technique complements the experience and judgment of an executive in decision making they do not and cannot replace it. Discuss

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Quantitative methods support an executive's experience, judgment, and decision-making. They can neither replace it nor do they. In the perspective of the current corporate landscape, discuss the statement.

Which theory addresses the application of quantitative methods to enhance decision-making?

Cost-Benefit Evaluation Cost-benefit analysis is a method for making decisions using numbers. It is a mathematical method for assessing the financial costs social advantages of a given course of action.

Quantitative procedures are those that offer the decision maker a systematic and effective way to conduct analysis and support the exploration of strategies for reaching predetermined goals based on quantifiable data.

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surprise company's total stockholders' equity at the beginning of the year was $500,000. during the year surprise reported the following: net loss of $75,000. stock issued in exchange for land totaling $200,000. collections of accounts receivable $100,000. dividends declared and paid totaling $5,000. what is surprise's total stockholders' equity at the end of the year?

Answers

Stockholders' Equity is the sum of the company's retained earnings, common stock and additional paid-in capital. So the Surprise's total Stockholders' Equity at the end of the year is $720,000.

Total stockholders' equity at the end of the year = Beginning stockholders' equity + Issued stock - Net loss - Dividends declared and paid

Total stockholders' equity at the end of the year = $500,000 + $200,000 - $75,000 - $5,000

Total stockholders' equity at the end of the year = $720,000

Therefore, Total Stockholders' Equity at the end of the year $720,000.

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2 a chocolate company is preparing to offer a new product in its candy offerings, the minty dark chocolate bite bar. material costs for this new candy bar are $0.25 for chocolate, $0.02 for sugar, and $0.03 for mint flavoring. labor costs per bar is $0.15. adding a production line devoted to the new candy wil cost $250,000 per year. (6 pts) a) if the sales price is $1.40 per bar, how many bars per year they need to make to break even? assume all bars are sold at full price. b) what is the company profit or loss if they make and sell 270,000 candy bars the first year at $1.40 per bar? c) about 20% of the food consumed in the u.s. is imported. production in many industries has been offshored. what ethical issues do companies face when presented with the decision to move operations?

Answers

a) To break even, the total costs of producing the new candy bar must be equal to the total revenue generated by selling the bars.

Total cost per bar = material costs + labor costs + (annual production line cost / number of bars produced per year)

Total cost per bar = $0.25 + $0.02 + $0.03 + $0.15 + ($250,000 / x)

Total revenue per bar = sales price per bar = $1.40

To break even: Total cost per bar * x = Total revenue per bar * x

($0.25 + $0.02 + $0.03 + $0.15 + ($250,000 / x)) * x = $1.40 * x

Solving for x, we get:

$0.45x + $250,000 = $1.40x

$0.95x = $250,000

x = $250,000 / $0.95

x = 263,157.89

Therefore, the company needs to make and sell at least 263,158 candy bars per year to break even.

b) Profit = Total Revenue - Total Cost

Total revenue = $1.40 * 270,000 = $378,000

Total cost = ($0.25 + $0.02 + $0.03 + $0.15 + ($250,000 / 270,000)) * 270,000 = $321,000

Profit = $378,000 - $321,000 = $57,000

Therefore, the company will make a profit of $57,000 if they make and sell 270,000 candy bars in the first year.

c) When companies face the decision to move operations, there are several ethical issues they may encounter. Some of these issues include:

Impact on employees: Offshoring or moving operations can lead to job losses for employees in the home country. Companies have a responsibility to consider the impact on their employees and find ways to mitigate any negative consequences, such as offering retraining programs or severance packages.

Impact on the community: Companies also have a responsibility to consider the impact on the communities where they operate. Moving operations to another country can have a significant impact on the local economy, and companies need to ensure that they are not contributing to economic instability or other negative consequences.

Environmental impact: Companies have a responsibility to minimize their impact on the environment. Moving operations to countries with lower environmental standards can result in increased pollution and other negative environmental consequences.

Ethical business practices: Companies have a responsibility to ensure that their operations are conducted in an ethical and socially responsible manner. Moving operations to countries with lower labor or human rights standards can raise ethical concerns.

Overall, companies need to balance the potential benefits of moving operations with their ethical responsibilities to employees, communities, and the environment. They should also ensure that their actions align with their values and mission as a company.

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a broad objective of human resource management is to of all workers in an organization.group of answer choicesoptimize the usefulnessminimize the downtimescrutinize the personnel filestandardize the benefits

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A broad objective of human resource management is to of all workers in an organization are- standardize the benefits. In this case Option D is correct.

The department of a company tasked with finding, selecting, hiring, and training job applicants is known as human resources (HR).

The management of employee terminations, compensation, and benefits is handled by the human resources department.

Any laws that might affect the company and its employees must be kept up to date.

Payroll and benefits administration are traditional HR administrative tasks that many businesses frequently outsource.

familiarity with human resources (HR)

The HR department is a vital component of the business regardless of size. Its responsibilities include boosting employee output and protecting the company from any issues that might arise within the workforce.

Compensation and benefits, hiring, firing, and staying current with any laws that may apply are just a few of HR's duties.

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industry analysis is primarily concerned with a corporation's question 17 options: internal environment. societal environment. task environment. economic environment. sociocultural environment.

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Industry analysis is primarily concerned with a corporation's task environment. Because it aids in making crucial judgements about the market or a product, the task environment of a company is the main focus of industry analysis. The answer is OPTION C.

Finding possibilities and risks for corporation's in a competitive setting is the learning purpose for the industry study. They must to be able to understand how the numerous forces at play in an industry either increase or decrease the likelihood of survival. A strategic technique for identifying and evaluating the internal and external components of a corporate environment is an environmental analysis, often known as an environmental scan.

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who typically coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure? multiple choice question.

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The projectized form of mission management structure is in many instances used when one practical area performs a dominant function in completing the undertaking or has a dominant interest in the success of the project.

Which of the following is generally the duty of a mission manager?

This consists of placing and managing consumer expectations, developing a distinct task plan, defining the scope of the project and assigning crew contributors to particular tasks.

The projectized shape of venture management shape is commonly used when one purposeful vicinity performs a dominant role in completing the undertaking or has a dominant activity in the success of the project.

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The two types of control procedures are preventive and. detective. What item is not included in cash?

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The other type of control procedure is corrective. Cash items typically include physical currency, coins, checks, money orders, and electronic transfers that are immediately available for use as cash.

Corrective is the word that would finish the statement. Whereas investigative control procedures are used to spot mistakes or fraud after they have already happened, preventive control procedures seek to stop errors or fraud from happening in the first place. Regarding the second query, cash is commonly described as the amounts stored in bank accounts that are eligible for rapid withdrawal, such as checking accounts, as well as actual money, such as notes and coins. Non-cash goods, including checks, money orders, and credit card transactions, are not regarded as cash.

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suppose the government is considering levying a tax in one or more of the markets described in the table. which of the markets will allow the government to minimize the deadweight loss(es) from the tax? group of answer choices market a only markets a and c only markets b and d only market c only

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The markets that will allow the government to minimize the deadweight loss(es) from the tax are: Markets B and D only.

An economic system known as a market economy is one in which the interactions of a nation's individual citizens and businesses determine economic policy and how much goods and services will cost.

Despite the possibility of parties exchanging goods and services through barter, the majority of markets rely on sellers providing their products or services to customers in exchange for money.

Market economies come in a variety of forms, from minimally regulated free-market and laissez-faire systems, where state activity is limited to providing public goods and services and protecting private ownership, to interventionist forms, where the government actively participates in resolving market inefficiencies and fostering social relationships.

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Note that the full question is:

Market Characteristic

A Demand is very elastic relative to supply.

B Demand is very inelastic relative to supply.

C Supply is very elastic relative to demand.

D Supply is very inelastic relative to demand.

Refer to Table 8-1. Suppose the government is considering levying a tax in one or more of the markets described in the table. Which of the markets will allow the government to minimize the deadweight loss(es) from the tax?

jim has $1,000 of salary and $100 of dividend income this month. this month he also has rent and utilities of $300 and he spent $200 on groceries and $100 on clothing. what is jim's net cash flow this month?

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Jim's net cash flow this month is $500.

What is cash flow?

Cash flow (CF) is the change in the amount of money that a company, institution, or person has. The phrase is used in finance to refer to the volume of money (currency) produced or spent over a specific period of time. There are numerous types of CF, and they have numerous significant applications in conducting financial analysis and managing businesses. All of them will be thoroughly covered in this guide.

Both running a business and performing financial analysis involve a lot of cash flow. In fact, it ranks among the most significant metrics in all of accounting and finance.

Cash inflow = 1000+100

= $1100

Cash outflow= 300 +200+100

= $600

Net cash flow = 1100 -600

= $500

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describe two examples of how an information system improved the efficiency or effectiveness of a business process. be specific.

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An organization's decision-makers can make better decisions for the business with the use of information systems. Due to its availability of up-to-date information, historical context, and trend analysis, information technology aids in gathering prepared data on all facets of the organization.

How can information systems benefit businesses?

Information systems assist you in making better decisions, generating new revenue streams for your company, managing your organization effectively, and promoting your items more successfully.

What are the two advantages of implementing information systems to support strategy?

Information systems also have other benefits.

cost savings supplying information to those who make decisions. superior client service. continual accessibility of the systems.

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what going-in cap rate should be indicated from recently sold properties that are comparable to apartment arms

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The entry cap rate should be quoted from recently sold properties that are comparable to condos, looking at the net operating income (NOI) of the properties.

NOI is the amount of income generated by a property after all operating expenses are paid. To calculate the cap rate, divide the NOI by the sale price of the property. The cap rate is usually expressed as a percentage. The limit rate for comparable properties should be used as a reference value for the analyzed property. This will give a good idea of ​​what the property's expected rate of return should be. The higher the cap rate, the higher the expected return and vice versa.

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10. which of the following processes of scope management process defines what work will and will not be included in the project? a. collect requirements b. define scope c. create work breakdown structure d. verify scope e. control scope

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The scope management process consists of the following steps, which determine the work that will and won't be part of the project: a. gather requirements.

What information has to be in the scope management plan?

Your project brief, a list of the project's requirements, and any anticipated deliverables should all be included in this document. A control measure, which is a procedure for change requests and helps stop scope creep, might be included in your scope plan document.

What duties should the scope management strategy  include?

The context management plan is an outline that outlines how the team will draft the project scope, develop the WBS, confirm that the project's deliverables have been met, and manage requests for project scope revisions.

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suppose that real gdp per capita in the united states is $50,500. if the long-term growth rate of real gdp per capita is 1.6% per year, how many years will it take for real gdp per capita to reach $101,000?

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We must increase the real GDP per capita from its present level of $50,500 to $101,000. Consequently, at a growth rate of 1.6% year, it will take roughly 43.75 years for real GDP per capita to reach $101,000.

How to calculate GDP per capita?

The rule of 70 can be used to calculate the approximate number of years required for a particular growth rate of real GDP per person to double. According to the rule of 70, the time it takes for a variable to double is roughly equal to 70 divided by the yearly growth rate (expressed as a percentage). This rule allows us to calculate the estimated time it will take for a person's real GDP to double at a rate of growth of 1.6% per year, which is 43.75 years (70 divided by 1.6). We must double the existing level of $50,500 in order to achieve a real per capita GDP of $101,000. As a result, at a 1.6% annual growth rate, it will take roughly 43.75 years for real per capita GDP to reach $101,000.We must increase the real GDP per capita from its present level of $50,500 to $101,000. Consequently, at a growth rate of 1.6% year, it will take roughly 43.75 years for real per capita GDP to hit $101,000.

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in job order costing system, costs for each job is accumulated. in job order costing system, costs for each job is accumulated. true false

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The false statement is D. In process costing, the total cost of each unit is found by dividing the total factory costs by the number of units completed.

Process costing is a method of cost accounting used in the manufacturing industry to determine the cost of a product at each stage of the production process. In this method, the costs are assigned to the products produced in each process, rather than to individual units. The cost of each process is divided by the number of units produced during that process, resulting in a cost per unit. The aim is to determine the cost of each unit of product produced and to identify the cost drivers for each stage of the production process.

The process costing method is particularly useful for companies that manufacture a large number of identical or similar products. This method helps to track the costs involved in producing the products, including direct materials, direct labor, and overhead costs. It provides managers with a better understanding of the production process and allows them to identify opportunities for cost reduction and efficiency improvements.

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Complete Question:

Which of the following statements is false?

a. In job-order costing, costs are accumulated by job order.

b. In process costing, costs are accumulated by the department.

c. In process costing, the cost per unit in a department is found by spreading the period's manufacturing costs over the production activity.

d. In process costing, the total cost of each unit is found by dividing the total factory costs by the number of units completed.

e. In job-order costing, the unit cost is found by dividing the job's total cost by the job's total units.

the loss of consumer surplus for those buyers of the good who continue to buy it after the tax is imposed is group of answer choices $1. $1.5. $3. $2.

Answers

Option B. $1.5. The loss of consumer surplus after a tax is imposed is the difference between the amount that consumers are willing to pay for a good and the price they actually pay after the tax.

In this case, the tax increases the price of the good, leading to a decrease in the quantity demanded. Consumers who continue to buy the good after the tax must pay a higher price, resulting in a loss of consumer surplus. The loss of consumer surplus is equal to the difference between the price consumers are willing to pay and the higher price they must pay after the tax. In this scenario, the loss of consumer surplus is $1.5.

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Which of the following is most directly related to cyclical unemployment?
a.An increase in the number of new college graduates looking for work
b.An increased use of the Internet for job searches
c. Recessions
d.The age distribution of the country

Answers

The correct option is C. Recessions are most directly related to cyclical unemployment.

Unemployment, according to the OECD (Organization for monetary Co-operation and development), is human beings above a specified age (generally 15)not being in paid employment or self-employment however presently available for painting at some point of the reference length.

Unemployment is measured by means of the unemployment fee, that is the range of individuals who are unemployed as a percentage of the labor force (the overall range of human beings hired delivered to the ones unemployed). Unemployment and the status of the financial system can be inspired by means of a country via, for instance, fiscal coverage. furthermore, the monetary authority of a country, which includes the primary financial institution, can affect the availability and price of cash thru its monetary coverage.

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The value of money____ as inflation increases.
A. varies
B. decreases
C. stays the same
D. increases

Answers

The answer is b) decreases

Capital One assessed the need for stress management interventions using a
Multiple Choice
training intervention.
job report.
stress audit.
sabbatical intervention.
coping analysis.

Answers

Capital One determined whether stress management strategies were necessary using a multiple choice training intervention. Sabbatical, stress evaluation, and work report.

What needs to be determined regarding its meaning?

Determined refers to being steadfast in one's choice or course of action, especially with the intention of reaching a specific objective. Someone who is committed to completing a task is highly driven and unlikely to give up or change their mind. In general, someone who is determined has a strong drive to accomplish their goals.

People who are determined are typically highly motivated and laser-focused on their goals. They retain a resilient mindset and persevere in order to succeed, despite any obstacles or difficulties.

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how much do the half-time performers get paid at the super bowl?

Answers

The NFL doesn't actually pay artists in the Super Bowl halftime show.

What values would the Super Bowl promote?

The word "Super Bowl" was coined by the late Kansas Chiefs owner Lamar Hunt, who thought the moniker was enough. According to Sports Illustrated, Lamar's proposal was "motivated by his son's Super Ball" toy.

The Super Bowl is called what for?

Lamar Hunt, the illustrious owner of the Kansas City Chiefs, is credited with formally naming the third Super Bowl. Legend has it that Hunt had the idea for the Super Ball whenever the league was searching for a less complicated name for such event since he was aware that his daughter owned a Super Ball toy.

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An example of a strategic operations management decision is the choice of where to locate. a. True b. False

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True is the response. The decision of where to site a company is one of strategic operations management because it can greatly affect the company's success.

The accessibility of raw materials, labour costs, transportation expenses, the cost of doing business, the cost of acquiring customers and suppliers, and even government laws, can all be impacted by a company's location. Therefore, before choosing a certain site, firms must carefully weigh the benefits and drawbacks of each. Businesses must take into account not only their immediate needs but also their long-term strategies and objectives because the location decision may have long-term effects. This choice is essential to operations management because of the potential for wide-ranging effects it can have on the cost structure, productivity, and competitiveness of the company.

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total product cost and per-unit product cost slapshot company makes ice hockey sticks. last week, direct materials (wood, paint, kevlar, and resin) costing $26,000 were put into production. direct labor of $20,000 (10 workers x 100 hours x $20 per hour) was incurred. manufacturing overhead equaled $65,000. by the end of the week, the company had manufactured 10,000 hockey sticks. required: 1. calculate the total product cost for last week. fill in the blank 1 of 1$ 111,000 2. calculate the per-unit cost of one hockey stick that was produced last week. round your answer to the nearest cent. fill in the blank 1 of 1$ 11 per unit

Answers

Total product cost for last week = Direct materials + Direct labor + Manufacturing overhead = $26,000 + $20,000 + $65,000 = $111,000The per-unit cost of one hockey stick produced last week = Total product cost / Number of hockey sticks produced = $111,000 / 10,000 = $11 per unit (rounded to the nearest cent).

Total product cost refers to the total cost incurred in the production of a specific quantity of goods or services, including direct materials, direct labour, and manufacturing overhead costs. This cost includes all expenses related to the production process, from the purchase of raw materials to the completion of the finished goods.

Per-unit cost, also known as unit cost, refers to the cost of producing one unit of a product. This cost is calculated by dividing the total product cost by the number of units produced. Per-unit cost is an essential metric for businesses because it helps determine the price at which a product must be sold to make a profit. It also helps businesses evaluate their pricing strategy, and production costs, and identify areas for cost reduction.

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if a process is repeated and adjusted and improved with those repetitions, it is called_________

Answers

If a process is repeated and adjusted and improved with those repetitions, it is called "Iterative".

Explain iterative process?

An iterative process is a method of problem solving or advancement in which the solution or output is refined over a number of iterations or cycles. A starting point is recognised and improved through such a series of small, incremental changes in this process. Each iteration's output is analysed and used to apprise the next cycle, resulting in a gradual advancement in the final solution or output. Iterative processes are widely used in application development, design, project management, and other sectors where complex problems necessitate a flexible and responsive approach to achieve the best possible solution.

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a $700 deposit made into the business' bank account is listed on the bank statement as $70. on a bank reconciliation, this will appear as a(n) .

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When a $700 deposit made into the business' bank account is listed on the bank statement as $70, this will appear as an outstanding deposit on a bank reconciliation.

A bank reconciliation is a process of matching the transactions recorded in a company's bank statement with the transactions recorded in its accounting records to ensure that they are in agreement.

In this case, the $700 deposit was made into the company's bank account but has not yet been reflected in the bank statement. As a result, the deposit will be listed as an outstanding deposit on the bank reconciliation until it is reflected in the bank statement. The outstanding deposit will increase the company's bank balance by $700.

When the bank statement is updated to reflect the $700 deposit, the deposit will no longer be considered an outstanding deposit and will be added to the bank statement balance on the bank reconciliation. The bank statement balance will be increased by $70, which is the amount that was initially listed on the bank statement. The accounting records will need to be updated to reflect the correct deposit amount of $700.

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which of the following statements is incorrect? a. by influencing interest rates, the fed is able to influence the amount of money that corporations and households are willing to borrow and spend. b. the fed's monetary policy is intended to influence u.s. economic conditions. c. the fed's monetary policy affects the supply of loanable funds, which affects interest rates. d. all of these statements are true.

Answers

When the Fed tightens the money supply, it increases the interest rate and decreases the amount of goods and services that people want to buy at a particular price point.b. the fed's monetary policy is intended to influence u.s. economic conditions.

Reducing income inequality is the right response (option B). The Federal Reserve is referred to as the American central bank. The Federal Reserve, as the nation's monetary authority, has what is known as a "dual mandate"—a set of goals. a growth in real GDP when the economy is on the horizontal section of the aggregate supply curve, but without significant inflation. How much commercial banks charge one another for short-term loans is influenced by the fed funds rate. Because borrowing costs increase with a rising rate, banks and other financial organisations may be less eager to borrow money.

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james went shopping with only $60 on him. he wants to buy a new pair of jeans and a pair of shoes. each item costs exactly $60, so he can only purchase one of the two. this scenario directly illustrates the basic concept that

Answers

The correct answer is the basic concept that when resources are scarce, people face trade-offs. A trade-off is where one thing increases, and another must decrease.

What is trade-off?

A trade-off is a situational choice that includes diminishing or dropping one quality, quantity, or belongings of a hard and fast or layout in go back for profits in different aspects.

Tradeoffs stem from boundaries of many origins, most effective a sure quantity of items can healthy right into a given space, so a complete field should eliminate a few gadgets so as to be given any more, and vessels can deliver some huge gadgets or more than one small gadgets.

Tradeoffs additionally normally check with unique configurations of a unmarried item, along with the tuning of strings on a guitar to allow unique notes to be played, in addition to an allocation of time and interest closer to unique tasks.

The idea of a tradeoff indicates a tactical or strategic preference made with complete comprehension of the benefits and drawbacks of every setup.

An financial instance is the choice to spend money on stocks, that are unstable however deliver exceptional ability go back, as opposed to bonds, that are normally more secure however with decrease ability returns.

An economics a trade-off is expressed in phrases of the possibility value of a specific preference, that is the lack of the maximum desired opportunity given up.

A tradeoff, then, includes a sacrifice that should be made to gain a sure product, service, or experience, in preference to others that might be made or acquired the usage of the equal required resources.

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a company borrows $12,000 on a 1-year note that includes both principal and interest. monthly payments of $1,000 are made. at a financial reporting date 6 months later, how much will be presented as a current liability in the balance sheet?

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