Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Apr 2018 My Price 7.00

Shelter Company

On November 1, Year 1 Shelter Company loaned $7,000 cash to Cove Company. The one-year note carried a 7% rate of interest. Which of the following shows how the loan will affect Shelter’s financial statements on November 1, Year 1?

Balance Sheet Assets Liab Equity NA NA NA Balance Sheet Assets Liab. Equity NA. NA NA Balance Sheet Assets Liabi Equity 7,000 7,000 NA Balance Sheet Assets Liab Equity 7,000 7,000 NA ncome Statement Rev Exp Net Inc NA NA NA ncome Statement Revi Exp Net Inc NA NA NA ncome Statement Rev Exp Net Inc NA NA NA ncome Statement Revi Exp Net Inc NA NA NA Statement of Cash Flows 7,000 Statement of Cash Flows 7,000) IA Statement of Cash Flows 7,000 FA Statement of Cash Flows 7,000) IA

Balance Sheet Assets Liab Equity NA NA NA Balance Sheet Assets Liab. Equity NA. NA NA Balance Sheet Assets Liabi Equity 7,000 7,000 NA Balance Sheet Assets Liab Equity 7,000 7,000 NA ncome Statement Rev Exp Net Inc NA NA NA ncome Statement Revi Exp Net Inc NA NA NA ncome Statement Rev Exp Net Inc NA NA NA ncome Statement Revi Exp Net Inc NA NA NA Statement of Cash Flows 7,000 Statement of Cash Flows 7,000) IA Statement of Cash Flows 7,000 FA Statement of Cash Flows 7,000) IA

Answers

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Status NEW Posted 06 Apr 2018 05:04 PM My Price 7.00

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