When bonds are converted to common stock, which of the following could be part of the entry?
a. Credit to Gain on Conversion of Bonds
b. Credit to Unamortized Bond Premium
c. Credit to Unamortized Bond Discount
d. Debit to Common Stock
C
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On January 1, 2015, Corner Store, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. The cash payment on June 30, 2015 is
a. $20,000 . b. $21,200 . c. $24,000 . d. $17,710.
The numbers of vendors, products, and engineering change orders are examples of
a. beneficial relationships. b. potential cost drivers. c. inputs to processing time. d. unavoidable overhead costs.
Which of the following is true with regard to a market segment?
A) A market segment consists of consumers with dissimilar needs and preferences. B) A market segment consists of consumers who respond in a similar way to a given set of marketing efforts. C) Very few markets have segments. D) Dividing the market into segments decreases the efficiency of the selling process. E) Dividing the market into segments reduces composite demand.
Income from operations is arrived at after considering all except
A) administrative salaries. B) interest income. C) the cost of sales. D) sales returns and allowances.