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Since mgt fee was only $2,000 and no other misc 2% deductions, deduction = 0 ... N/D if rental or if refinancing. Amortize over life of loan. Charitable ...
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P is the principal (the initial amount you borrow or ... n is the number of years the amount is deposited or borrowed for. ... Margin loans are a great racket. ...
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For more classes visit www.snaptutorial.com 1) Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and acces¬sories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint. The inventory of boating supplies owned by the company. (A) Monthly rental charges paid for store space. (L) A loan owed to Citizens Bank. (L) New computer equipment purchased to handle daily record keeping. (A) Daily sales made to customers. (R) Amounts due from customers. (R)