Answer:
I'm not completely what the correct answer is
Answer with its Explanation:
Step 1:
First of all record a loan of $3 million loan:
Dr Bank $3,000,000
Cr Loan $3,000,000
Step 2:
Finance charge will be 3% on this loan amount:
Dr Finance Charge $3million *3% = $90,000
Cr Bank $90,000
Step 3:
The interest on the note is 7% which is $70,000. So the journal entry would be:
Dr Interest Expense $70,000
Cr Interest payable $70,0000
Answer:
$2,115
Explanation:
Lexington Company's Year 2 net cash flow from financing activities = cash received from issuing stocks minus bank loan payments - distributed dividends
net cash flow from financing activities = $1,250 (from additional stock) - $1,825 (bank payments) - $1,540 (dividends paid) = $2,115
<span>The Assistant Secretary of Defense for Networks and Information Integration also known as the DOD Chief Information Officer is responsible for that. The Assistant Secretary of Defense for Networks and Information Integration is in charge of managing all DOD information technology even national security systems and serves as the Chief Information Officer.</span>
Hi,
The answer you're looking for is mail surveys.
<em>Hope this helps!</em>
