On the maturity date after the last interest payment is recorded, any premium or discount on bonds payable is always fully amortized.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Avery and Bert are partners who share profits in a ratio of 2:1 and have capital balances of $75,000 and $150,000, respectively. The partners agree to admit Carmen to the partnership. Carmen invests $75,000 for a 35 percent interest in the partnership. The new total capital balance after admitting Carmen is $300,000. The entry to record the admission of Carmen to the partnership is:
A) Cash 75,000 Carmen, Capital 75,000 B) Cash 105,000 Carmen, Capital 105,000 C) Cash 75,000 Avery, Capital 20,000Bert, Capital 10,000Carmen, Capital 105,000 D) Cash 105,000 Carmen, Capital 75,000Avery, Capital 20,000Bert, Capital 10,000
Functions provided by channel intermediaries that make the purchase process easier for customers and manufacturers are referred to as ________ functions
A) distributing B) facilitating C) management D) marketing E) wholesaling
(Use the information about Dominick Inc to answer this question.) In preparing the Statement of cash flows, all the cash proceeds of $1,800 appear as an increase in cash from
a. a financing activity. b. an investing activity. c. an operating activity. d. an exchange activity. e. none of the above
Effective short-term objectives have all of the following priorities, except
A. being specific and measurable. B. providing a specific time horizon for their attainment. C. being achievable yet challenging. D. an emphasis on "do your best" goals.