Reports as of a specific date

a. Income statement
b. Balance sheet
c. Statement of owner's equity
d. Statement of cash flows

Ans: b. Balance sheet

Business

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On October 1, 2017, Miller, Inc. made a loan to one of its customers. The customer signed a 4-month note for $130,000 at 12%. How much interest revenue did the company record in 2018 for this note? (Round your answer to the nearest dollar.)

A) $2,600 B) $3,900 C) $1,300 D) $5,200

Business

Which of the following is a characteristic of image recognition?

A) converting images into text B) examining images and converting them into machine-readable code C) analyzing and enhancing photographic data D) scanning facial features and returning possible matches from a database

Business