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- 42) Identify the term, which is used for the full payment is due on the 15th of the month following the invoice date from the following? a. 15MFI b. 1/10 c. 2/10 d. 3/EOM*see attached What amount of interest income should be recognized by Ripple for the year ended December 31, 2020? a. 244,080b. 200,000c. 204,492d. 240,000*see attached What is the interest income for the current year? a. 1,297,905b. 1,357,905c. 900,000d. 870,168
- Accounts Payable as of December 31, 2020 should amount to: *A. 531,000B. 600,000C. 627,000D. 1,827,0009. The adjusting journal entry to adjust the allowance for doubtful accounts as of December 31, 2020 will include a debit to doubtful accounts expense of:What is the adjusted balance of accounts payable on December 31, 2021? a. P158,000 b. P138,000 c. P118,000 d. P108,000
- In Set’ Dec. 31, 2020 statement of financial position, how much should be the accounts payable? *see attached a. P 1,410,000b. P 1,485,000c. P 1,462,500d. P 1,425,00019 Determine the amount of the Earned Income Credit in each of the following cases. Assume that the person or persons are eligible to take the credit. Use Table 9-3. Required: Calculate the credit using the formulas. Note: For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. 1 1 a. A single person with earned income of $5,180 and no qualifying children. b. A single person with earned income of $24,200 and two qualifying children. c. A married couple filing jointly with earned income of $36,060 and one qualifying child. A Q W 2 é F2 Z S X 2 command 3 11 80 F3 E D C 4 I 888 F4 R F 5 ( V FS T G 6 to con § B ** Y H 7 è 84 F7 U N Earned Income Credit 8 ! J DII FB I ? I 9 Ç K DD 0 0.0 à L A F10 command P ) M 9 F11 A option % បrequired: prepare a classified balance sheet for year ended november 30 2020
