Corporations sometimes consciously choose to break the law if it poses acceptable risks such as relatively light penalties for violation, if the benefits gained by doing so are great.
Answer the following statement true (T) or false (F)
True
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One drawback of using the yardstick approach to structure business reports is that
A) the audience must agree with your criteria for analysis. B) this approach is generally considered old-fashioned. C) it forces you to ignore the fact that the problem may have multiple causes. D) it eliminates repetition of key concepts. E) it does not allow for the evaluation of multiple criteria at one time.
There are two alternatives to reporting cash flows from operating activities in the statement of cash flows: (1) thedirect method and (2) the indirect method
a. True b. False Indicate whether the statement is true or false
________ involves a bilingual translator translating the questionnaire directly from a base language to the respondent's language
A) Direct translation B) Back translation C) Parallel translation D) Indirect translation
Andrews Corporation's liability account balances at June 30, 2013, included a 10 percent note payable. The note is dated October 1, 2011, and carried an original principal amount of $600,000 . The note is payable in three equal annual payments of $200,000 plus interest. The first interest and principal payment was made on October 1, 2012 . In Andrews' June 30, 2013, balance sheet, what amount
should be reported as Interest Payable for this note? a. $10,000 b. $15,000 c. $30,000 d. $45,000 e. None of these answers is correct.