On January 1, 2015, Leslie Co issued $100,000 of 8% ten-year bonds at 97. Issuance costs amounted to $2,000. On July 1, 2020, all of the bonds were called at 103. What was the loss on bond retirement, assuming the use of straight-line amortization?
A) $1,950
B) $2,500
C) $4,200
D) $4,350
D
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When using the BCG matrix, a SBU with weak market shares in low-growth industries is described as a
A. star. B. cow. C. dog. D. Monkey.
One of the first factors that increased the importance of human resource management was
a. the 1964 Civil Rights Act. b. the worker revolution. c. technological advances in computers. d. the increase in manufacturing. e. the growth in the service sector.
Public key cryptography is __________ .
A. bit patterned ? B. one key ? C. symmetric ? D. asymmetric
What is the main reason that it is necessary for public companies to follow the rules and format set out in the Generally Accepted Accounting Principles (GAAP) when creating financial statements?
A) It ensures that the market value of assets and debt are reported accurately. B) It ensures that information on the performance of public companies is reported on cash-basis accounting. C) It ensures that important budgetary information is not omitted. D) It makes it easier to compare the financial results of different firms.