Does the amortization of a bond premium increase, decrease, or not affect interest expense for an accounting period? Explain.
What will be an ideal response?
The amortization of a bond premium decreases the amount of interest expense for an accounting period. This decrease is caused by charging part of the interest payment each period to the bond premium as an amount of premium amortization.
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Arun paid the following taxes this year:Real estate taxes on rental property he owns$4,000Real estate taxes on his own residence3,600Federal income taxes8,000State income taxes3,400Local city income taxes500What amount can Arun deduct as an itemized deduction on his tax return?
A. $7,500 B. $19,500 C. $15,000 D. $15,500
Which of the following is true of selective distribution?
A. It is selling through only those intermediaries who will give the product special attention. B. It is making a product available widely enough to satisfy target customers' needs but not exceed them. C. It is selling a product through all responsible and suitable wholesalers or retailers who will stock or sell the product. D. It is commonly needed for convenience products and business supplies used by all offices. E. It is selling through only one intermediary in a particular geographic area.
The two underlying dimensions of the Organizational Culture Inventory (OCI) are:
A. values and symbols. B. task/people and security/satisfaction. C. artifacts and assumptions. D. technical/human orientation and short-term versus long-term time.
A 99% refund of duties and taxes paid on merchandise that is imported, subjected to manufacture or production, and then exported within five years is called a: A) manufacturing drawback
B) substitution drawback. C) same condition drawback. D) re-export drawback.