Actual overhead costs are accumulated in the overhead control account
Indicate whether the statement is true or false
True
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Who is more likely to form relationships online?
A. men b. women c. androgynous individuals d. gay men
On January 1, Year 1, Stratton Company borrowed $180,000 on a 10-year, 8% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $26,825 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $14,400; debit Interest Expense $12,425; credit Cash $26,825. B. Debit Interest Expense $14,400; debit Notes Payable $12,425; credit Cash $26,825. C. Debit Interest Expense $13,406; debit Notes Payable $13,419; credit Cash $26,825. D. Debit Notes Payable $26,825; credit Cash $26,825. E. Debit Notes Payable $180,000; debit Interest Expense $8825; credit Cash $26,825.
The number of partnerships in the United States is
A. greater than the number of corporations. B. about the same as the number of corporations. C. greater than the number of sole proprietorships. D. less than the number of both corporations and sole proprietorships.
A bank has $200 million in assets in the 0 percent risk-weight category. It has $400 million in assets in the 20 percent risk-weight category. It has $1,000 million in assets in the 50 percent risk-weight category and has $1,000 million in assets in the 100 percent risk-weight category. This bank has $96 million in Tier 1 capital and $48 million in Tier 2 capital. What is this bank's ratio of Tier 2 capital to risk assets?
A. 6.08 percent B. 3.04 percent C. 9.11 percent D. 5.54 percent E. None of the options is correct.