Inez is the head accountant for a bank. She is booking entries to the general ledger so she can close the month and calculate her income statement and balance sheet. Based on the chart below, what is the total interest income that Inez must book? Interest Paid on Savings Accounts $110,000
Interest Paid on Certificate of Deposit Accounts $55,000
Fees Paid by Customers for Wire Transfers $7,000
ATM Fees Paid by Customers $60,000
Interest Received on Auto Loans $85,000
Salaries $100,000

$165,000
$232,000
$67,000
$85,000

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share