The Premium on Bonds Payable account is a(n):
A) Revenue account.
B) Adjunct liability account.
C) Contra revenue account.
D) Contra asset account.
E) Equity account.
B) Adjunct liability account.
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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$58,000? Accounts payable decreased by 24,000? Accounts receivable increased by 31,000? Inventories increased by 11,000? Cash dividends paid 15,200? Depreciation expense 26,000? Net cash provided by operating activities was:
A. $50,000. B. $138,000. C. $74,800. D. $36,000. E. $18,000.
Oreos and Coke are both examples of ________
A) store brands B) cobrands C) private-label brands D) national brands E) ingredient brands
A change from FIFO to LIFO in a period of rising prices will
a. decrease both the current ratio and the inventory turnover ratio. b. increase both the current ratio and the inventory turnover ratio. c. increase the current ratio and decrease the inventory turnover ratio. d. decrease the current ratio and increase the inventory turnover ratio.
The negotiation training stresses that sales representatives should avoid making price the focal point of the presentation. This requires the sales representatives to refocus on:
A) positioning the product on quality instead of price B) using the postponement method when asked about price C) timing the presentation to mention price last instead of first D) using the pricing sheet to create tiers of discounts E) targeting sales to buyers with less money