As interest is recorded on an interest-bearing note, the Interest Expense account is
A) decreased; the Interest Payable account is increased.
B) increased; the Interest Payable account is increased.
C) increased; the Notes Payable account is decreased.
D) increased; the Notes Payable account is increased.
B
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Wireless technologies enable what some people call mobile commerce, or _____.
Fill in the blank(s) with the appropriate word(s).
Burke Company has 160 employees, 88 of whom are in Department 1 and 72 in Department 2. The company expects to incur $166,000 of office supplies costs during the current year. How much of this cost should be allocated to Department 1?
What will be an ideal response?
The interest expense recorded on an interest payment date is increased
A) only if the market rate of interest is less than the stated rate of interest on that date. B) by the amortization of premium on bonds payable. C) by the amortization of discount on bonds payable. D) only if the bonds were sold at face value.
Cash flow:
A. is the sum total of all sales at a point in time. B. is the same as profit. C. results from the differences between cash receipts and cash payments. D. is the result of subtracting expenses from sales.