A company purchases an asset on a deferred payment plan, ultimately paying $10,000 . On the payment date, the company would
a. credit Cash for less than $10,000.
b. debit Interest Expense for the imputed amount.
c. debit the asset account for $10,000.
d. debit Accounts Payable for $10,000.
B
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Cash interest payment is computed annually when a bond is issued for other than its face value. For a bond issued at a discount, how will this component change as the bond approaches maturity?
a. decrease b. increase c. remain constant d. not enough information given to decide
All of the following are elements of the DBMS which facilitate user access to the database except
a. query language b. data access language c. data manipulation language d. data definition language
A company with a 40% tax rate had 50,000 shares of common stock and the following three potentially dilutive issues outstanding for the entire year: 1 . 6%, $100 par preferred stock, 200 shares outstanding, each convertible into 5 shares of common stock 2 . 200, 6% convertible bonds, face $1,000, sold at par, each bond convertible into 40 shares of common stock 3 . 2,000 employee stock options to
purchase on share of common stock each at $5 . The average market price of the common stock for the year was $20 What is the correct ordering (ranking) of the dilutive issues for determining their inclusion into diluted earnings per share? a. 1, 2, 3 b. 3, 1 . 2 c. 3, 2, 1 d. 2, 1 . 3
Within the data warehouse model, the internal databases could include marketing, sales, inventory, and billing.
Answer the following statement true (T) or false (F)