Question
23 On April 12, AAAAA Company signed a note promising to pay BBBBB Company $20,000 plus interest at a rate of 6% in 60 days.
23 On April 12, AAAAA Company signed a note promising to pay BBBBB Company $20,000 plus interest at a rate of 6% in 60 days. The agreement called for interest to be calculated using a 360 day year. What is the face value of the note? QUESTION 24 Alpha Company did not hold any tablet computers in inventory at the beginning of December. On December 3, the Company purchased 120 tablets for $10 each. By the end of the month, the business had sold 40 of these units for $25 each. What amount of revenue from sales did the company realize from these transactions? QUESTION 25 A business has liabilities of $61,000 and stockholders' equity of $64,000. What amount of assets does the business own? QUESTION 26 Omega Company did not hold any tablet computers in inventory at the beginning of December. On December 3, the Company purchased 140 tablets for $10 each. By the end of the month, the business had sold 30 of these units for $30 each What amount of merchandise inventory will the company present on its balance sheet at the end of December
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