Barnes Company issued $500,000 of bonds for $498,351. Interest is paid semiannually. The bond markets and the financial press are likely to report the bond issue price as:
A) 498.35.
B) 100.00.
C) 99.67.
D) 49.84.
C
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When stock is issued for noncash assets or services, the dollar amount to be recorded for this exchange is determined by the
a. treasurer of the corporation. b. par value of the stock. c. market value of the stock or the market value of the consideration received, whichever is greater. d. market value of the stock or the market value of the consideration received when the market value of the stock cannot be determined.
A source document that would not be used to help decide the cost of a job is (are)
A) a material requisition form B) a time ticket for direct labor C) a time ticket for indirect labor D) a material requisition form and a time ticket for direct labor E) all items listed are helpful to decide the cost of a job.
A(n) ________ is a special form of partnership in which all partners are limited partners, and there are no general partners
A) domestic LLC B) proprietorship C) LLC (limited liability company) D) LLP (limited liability partnership)
Select the best buffer to open a letter that refuses a request from a local nonprofit organization for a charitable donation
A) This is to inform you that your kind letter of May 14 has been directed to me for reply. B) We have received your letter requesting a donation to your annual fund-raiser. C) The services you provide for homeless families in our community are necessary and important. D) Although we admire what your organization does for our community, unfortunately, we are unable to donate to your fund-raiser at this time.