The principle that each government has the absolute authority to rule its people and its territory is known as
A) legitimacy
B) immunity.
C) jurisprudence.
D) sovereignty.
D
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Identify the major forms of alternative marketing
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The economic value of a building may decline below its book value but an impairment loss would not be recognized when the
a. undiscounted future cash flows exceed its book value. b. undiscounted future cash flows exceed its market value. c. discounted future cash flows exceed its book value. d. discounted future cash flows exceed its market value. e. discounted future cash flows exceed its liquidation value.
Bogart Company has 40,000 shares of common stock outstanding. The book value per share of this stock was $60.00 and the market value per share was $75.00 at the end of the year. Net income for the year was $400,000. Interest on long-term debt was
$40,000. Dividends paid to common shareholders were $3.00 per share. The tax rate was 30%. The company's price-earnings ratio at the end of the year was: A) 25 to 1 B) 20 to 1 C) 7.5 to 1 D) 6 to 1
A company issued 10%, 10-year bonds with a par value of $1,000,000 on January 1, at a selling price of $885,295 when the annual market interest rate was 12%. The company uses the effective interest amortization method. Interest is paid semiannually each June 30 and December 31.(1) Prepare an amortization table for the first two payment periods using the format shown below:SemiannualCashBond???InterestInterestInterestDiscountUnamortizedCarryingPeriodPaidExpenseAmortizationDiscountValue??????????????????(2) Prepare the journal entry to record the first semiannual interest payment.
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