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U Question 23 3 pts Carrier Corp has a note payable to GMACC Financing with a principal balance of $100,000,000 $15.000.000 is due within 1
U Question 23 3 pts Carrier Corp has a note payable to GMACC Financing with a principal balance of $100,000,000 $15.000.000 is due within 1 year of its 12/31/20 balance sheet. Which of the following will Carrier Corp. report on its 12/31/20 balance sheet for the loan with GMACC Financing O 515.000.000 current fiability, 5100,000,000 long term Habilly O $100.000.000 currently liability $100.000.000 long-term liability $15.000.000 current liability. $85.000.000 long-term liability Question 24 3 pts Stevens Corp. purchases a tow truck for its fleet on January 1, 2020 for $100,000. Stevens estimates a residual value of $10,000 for this truck and an 5-year useful life. How much will the 12/31/20 book value be for this tow truck assuming Stevens uses straight-line depreciation for it? $72.000 $80,000 O $18.000 $82.000 Question 25 3 pts According to the rules of US GAAP, research and development costs should be? O Capitalized and amortized in future periods O Expensed in the period incurred Capitalized if successful, expensed if unsuccessful O Expensed entirely if successful
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