In the ________ of group development, group members try to get to know each other and establish common understanding

Which of the following is shown on the balance sheet as well as the statement of cash flows?

A) Stockholders' equity (ending balance) B) Net income C) Total assets (ending balance) D) Cash (ending balance)

The Nile Group is owed $1,000,000 by Scorpion Enterprises under an 8% note with three years remaining to maturity. The prior year of interest was unpaid. Nile estimates that it is probable that it will only receive amounts equal to a present value of $880,000. The journal entry that O'Hara would make to record this transaction would include an impairment loss of:

A) $0.
B) $80,000.
C) $200,000.
D) $220,000.