On december 31, 2019, martinez inc. borrowed $3,840,000 at 13% payable annually to finance the construction of a new building. in 2020, the company made the following expenditures related to this building: march 1, $460,800; june 1, $768,000; july 1, $1,920,000; december 1, $1,920,000. the building was completed in february 2021. additional information is provided as follows.1. other debt outstanding 10-year, 12% bond, december 31, 2007, interest payable annually $6,720,0006-year, 11% note, dated december 31, 2011, interest payable annually $2,688,0002. march 1, 2014, expenditure included land costs of $252,000 3. interest revenue earned in 2014 $82,320

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships. c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash