Countries outside the U.S. use financial accounting standards issued by the:
A) LLC.
B) SEC.
C) IASB.
D) GAAP.
C
You might also like to view...
What are some ways to respond to overdemand?
What will be an ideal response?
On January 1, a company issues bonds dated January 1 with a par value of $330,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $343,395. The journal entry to record the issuance of the bond is:
A. Debit Cash $330,000; debit Premium on Bonds Payable $13,395; credit Bonds Payable $343,395. B. Debit Cash $343,395; credit Bonds Payable $343,395. C. Debit Cash $343,395; credit Discount on Bonds Payable $13,395; credit Bonds Payable $330,000. D. Debit Cash $343,395; credit Premium on Bonds Payable $13,395; credit Bonds Payable $330,000. E. Debit Bonds Payable $330,000; debit Bond Interest Expense $13,395; credit Cash $343,395.
Explain how a company benefits from monitoring the blogosphere
What will be an ideal response?
Which of the following constitutes a mutual mistake of a material fact?
A) Martha selling her house to Graham and hiding the fact that its first floor is damaged B) Martha and Graham agreeing on the sale of a house, both referring to different houses C) Graham buying a house from Martha without asking her details of damages D) Martha selling Graham an old vase for $20, both of them unaware that it is a valuable antique collectible