On December 31, 2020, Arthur Inc. is in financial difficulty and cannot pay a note due that day. It is a $1,000,000 note payable to Marian, Inc. that was issued at 100. Marion agrees to reduce the principle from $1,000,000 to $800,000, extend the maturity date to December 31, 2023, and reduce the interest rate to 4% (with interest payable annually on December 31). The present value of the restructured cash flows is $620,000. For Arthur, the entry for the restructure on December 31, 2020 a. does not affect net income.
b. increases net income by $380,000.
c. increases net income by $104,000.
d. increases net income by $200,000.

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.

How is challah bread made? if i have to dabble the recipe?