Abc company agreed upon a ten-month, $18,000, 4% interest-bearing note receivable from xyz corporation on april 1, 2009 for a sale of a piece of equipment. in other words, abc gave xyz the equipment in exchange for a longer-term receivable. assuming all necessary adjusting entries were made at year end december 31, 2009 and interest will be received upon maturity, the entry abc makes on the note’s maturity date would include a:

a. debit to interest revenue for $60
b. credit to interest receivable for $540
c. debit to interest expense for $600
d. credit to note payable for $18,000

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

Which two of the following are benefits of consumer programs

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?