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A note payable is in the form of Select one: a. an oral agreement. b. a written promissory note. c. a standing agreement. d. a
A note payable is in the form of Select one: a. an oral agreement. b. a written promissory note. c. a standing agreement. d. a contingency that is reasonably likely to occur. Yanik Company's delivery truck, which originally cost $84,000, was destroyed by fire. At the time of the fire, the balance of the Accumulated Depreciation account amounted to $57,000. The company received $48,000 reimbursement from its insurance company. The gain or loss as a result of the fire was Select one: a. $21,000 loss. b. $21,000 gain. c. $36,000 loss. d. $36,000 gain. In most companies, current liabilities are paid within Select one: O a. one year through the creation of other current liabilities. b. the operating cycle out of current assets. c. one year or the operating cycle out of current assets. ( ) O d. the operating cycle through the creation of other current liabilities. On 1/10/2018. Darcom company sold inventory of 74,000 accepting note receivable of five-month, 9% interest rate. What is the interest revenue of the Darcom company for 2019. Select one: ( O a. $80,660 O b. $1,110 O c. $ 6,660 d. $1,665
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