Rowan Corporation, a calendar-year firm, is authorized to issue $200,000 of 1 . percent, 20-year bonds dated January 1 . 2014, with interest payable on January 1 and July 1 of each year. If the bonds were issued to yield 1 . percent, the entry to account for the discount amortization and accrual of interest on December 31 . 2014, would include a
a. debit to Discount on Bonds Payable.
b. credit to Cash.
c. credit to Interest Payable.
d. debit to Bonds Payable.
C
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Which of the following is not one of the general purposes of negotiable instruments?
A) To facilitate the extension of credit B) To operate as a substitute for money C) To be a record keeping device D) To provide flexible remedies for the nonbreaching party in the event of a breach
Scenario 5.1 Use the following to answer the questions. Lil Angels Kids Spa offers various treatments designed to appeal to the younger customer. Treatment options include manicures, pedicures, facials, tea parties, and dress up photos. Parents can even purchase a birthday party package. Currently, Lil Angels offers its services only to girls under the age of 14. Originally begun in Delaware, Lil Angels is considering opening its spa/salons in other parts of the country and is planning to expand its offerings to girls aged 14 to 17. The company realizes that some changes may be needed. For example, management wants to find out if the older girls will be interested in their birthday party and tea party services. Refer to Scenario 5.1. Which of the following best describes Lil Angels'
current approach to the market? A. It is segmenting the market according to demographic variables. B. It is segmenting the market according to product-related variables. C. It has chosen a segment that is not identifiable and divisible. D. Its market is impossible to reach because of legal constraints. E. It is not segmenting the market but is attempting to reach everyone with the product.
The schedule of cost of goods manufactured contains three elements of product costs-direct materials, direct labor, and manufacturing overhead-and it summarizes the portions of those costs that remain in ending Work in Process inventory and that are transferred out of Work in Process into Finished Goods.
Answer the following statement true (T) or false (F)
The sponsorship of NASCAR is an example of a public relations activity.
Answer the following statement true (T) or false (F)