The journal entry used to record the payment of a discounted note is
a. debit Notes Payable and Interest Expense; credit Cash
b. debit Notes Payable; credit Cash
c. debit Cash; credit Notes Payable
d. debit Accounts Payable; credit Cash
b
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An unsecured bond is called a
A) debenture bond. B) mortgage bond. C) registered bond. D) serial bond.
Precision Parts Corporation and Aligned Gears, Inc, are competitors selling certain machine parts that are otherwise generally unattainable in their geographic market. This market includes the states of Minnesota, North Dakota, and South Dakota
Precision Parts and Aligned Gears agree that Precision Parts will no longer sell in Minnesota and that Aligned Gears will no longer sell in North and South Dakota. Have Precision Parts and Aligned Gears violated any antitrust law? If so, which one? Explain. If they had divided their market by type of customer rather than geographic are, would the result be the same? Why or why not?
The Federal Estate Tax is a flat percent on all assets owned at death
Indicate whether the statement is true or false
In the Beck case, the Supreme Court held that non-union employees must pay all agency fees requested by the union that engages in collective bargaining on their behalf
a. True b. False Indicate whether the statement is true or false