Ash includes a $21,000 restricted amount to be used for repayment of the bonds payable in 2025. the cost of the machinery is $192,000. accounts receivable includes a $21,000 notes receivable from a customer due in 2024. the notes payable balance includes accrued interest of $6,000. principal and interest are both due on february 1, 2022. the company began operations in 2016. net income less dividends since inception of the company totals $36,000. 51,000 shares of no par common stock were issued in 2016. 100,000 shares are authorized.

Clara client has just been presented with a standard representation agreement by the law firm of yatz & berger. clara's first language is german. although she speaks and reads everyday english quite well, the legal terms in the contract confuse her. yatz & berger should question 90 options: have someone in the firm, if possible, or a translator from outside of the firm, explain the terms of the contract thoroughly until clara has a full and complete understanding of its terms. advise clara to take the contract home and study it before signing it. have a paralegal explain the most important clauses in the contract to clara in smaller, plain english words. advise clara to sign the contract and take her copy home for study.