How is the difference between this market value and the $300 million face value reflected in dell’s financial statements? the balance sheet is unaffected, but the income statement reflects increases (decreases) in interest rates as increases (decreases) in interest expense. the current market value of the notes is reflected in the balance sheet as an increase (decrease) in liabilities if rates have declined (increased). only the statement of cash flows is affected as cash is needed to retire the liabilities when they mature. the current market value of the notes is not reflected in dell's balance sheet.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.