Jade larson antiques owes $20,000 on a truck purchased for use in the business. assume the company makes timely principal payments of $5,000 each year at december 31 plus interest at 8%, which of the following is true?

a. just before the last payment is made, $5,000 will appear as a long-term liability on the balance sheet.
b. after the first payment, $15,000 would be shown as a long-term liability.
c. after the first payment is made, $5,000 would be shown as the current portion due on the long-term note.
d. after the first payment is made, the company owes $15,000 plus three years' interest.

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.