While interpreting contract words and terms, specific terms are presumed to qualify general terms
Indicate whether the statement is true or false
TRUE
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The Work in Process Inventory account is found only in the ledgers of manufacturing companies.
Answer the following statement true (T) or false (F)
On January 1, 2017, Simpson Sales issued $23,000 in bonds for $35,800
These are eight-year bonds with a stated rate of 9% and pay semiannual interest. Simpson Sales uses the straight-line method to amortize the bond premium. Immediately after the issue of the bonds, the ledger balances are as follows: Bonds Payable 23,000 Premium on Bonds Payable 12,800 After the first interest payment on June 30, 2017, what is the balance of Premium on Bonds Payable? A) debit of $800 B) debit of $14,400 C) credit of $235 D) credit of $12,000
The median age in the United States increased from 30 in 1980 to 37 in 2010.
Answer the following statement true (T) or false (F)
________ occurs when a firm decides to utilize other firms to perform value-creating activities that were previously performed in-house.
A. Offshoring B. A transnational strategy C. Outsourcing D. A global strategy