The journal entry a company records for the issuance of bonds when the contract rate is greater than the market rate would be
A) debit Bonds Payable, credit Cash
B) debit Cash and Discount on Bonds Payable, credit Bonds Payable
C) debit Cash, credit Premium on Bonds Payable and Bonds Payable
D) debit Cash, credit Bonds Payable
C
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The Dividends account bypasses the Income Summary account when it is being closed
Indicate whether the statement is true or false
Joseph Juran authored which of the following books?
a. Quality Control Handbook b. Quality Is Free c. The Goal d. Crush
A contract carrier holds itself out as willing to furnish transportation for compensation without discrimination to all members of the public who apply.?
Indicate whether the statement is true or false
Which one of the following statements concerning stock trades is correct?
A) Brokerage firms send customer orders to a market maker on the floor of the NYSE. B) Confirmation of a trade is transmitted directly from the NYSE to the customer who placed the order. C) A broker transmits OTC orders from a customer directly to a floor broker in the OTC market. D) Brokerage firms generally hold securities in street name so they can be transferred without the customer's signature.