[removed] Recognize the liability and report it on the balance sheet. |
[removed] Has no effect on interest expense each succeeding year |
[removed] asset source transaction. |
[removed] asset that will be used in the operating activities of a business. |
[removed] Made a payment on a term loan |
[removed] some notes payable. |
[removed] Row One |
[removed] Row One |
[removed] sell inventory in a timely manner. |
[removed] Row One |
[removed] increase by $12,000. |
[removed] total average stockholder’s equity divided by the number of shares. |
[removed] Asset source |
[removed] Sole proprietorship |
[removed] Equity section of the balance sheet |
[removed] Asset source |
[removed] Bishop’s net income for the current year was lower than last year. |
[removed] not affect total equity. |
[removed] $6,000 |
[removed] Asset source transaction |