Holding all else constant, when a bank receives the funds for a deposited check,
A) cash items in process of collection fall by the amount of the check.
B) bank assets increase by the amount of the check.
C) bank liabilities decrease by the amount of the check.
D) all of the above occur.
A
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Scotland, Inc. issued a $5,000 face value, 10%, five-year bond at 98. What will be the journal entries at the maturity of the bond? The bonds have semiannual interest, and the company uses the straight-line method of amortization.
Omit explanations.
Lovell Co. purchased preferred stock in another company. The preferred stock's before-tax yield was 9.00%. The corporate tax rate is 40%. What is the after-tax return on the preferred stock, assuming a 70% dividend exclusion? (Round your final answer to two decimal places.)
A. 7.92% B. 6.73% C. 6.57% D. 7.05% E. 8.87%
Which of the following workers would not be covered by the FMLA:
a. an employee who is among the 50 percent highest paid b. an employee who had only been employed for 18 months c. an employee who had worked fewer than 1,250 hours in the past year d. all of the other specific choices are correct e. none of the other specific choices are correct
________ in an organization is (by definition) any group or individual who can affect or is affected by the achievement of the organization’s objectives:
a. An employee b. A customer c. A supplier d. A stakeholder