On January 1, 2016, Chain, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. The interest expense on the bonds at June 30, 2016, is
a. $20,000
b. $24,000
c. $21,252
d. $17,710
c
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Which of the following is one of the key standards of ethical practice published by the Institute of Management Accountants (IMA)?
A) social responsibility B) environmental sensitivity C) technicality D) confidentiality
Domain selection, diversification, mergers or acquisitions, and divestitures are all examples of
A. independent strategies. B. cooperative strategies. C. competitive pacification. D. voluntary action. E. strategic maneuvering.
As a general rule, an agent is liable on contracts entered into on behalf of a fully disclosed principal
a. True b. False Indicate whether the statement is true or false
Exceptions to the rule of employment-at-will include which of the following? I. organization of unions II. passage of Sarbanes Oxley Act III. raising of public policy issues IV. promise of implied-contract or covenant-of-good-faith
a. I only b. II only c. I and II d. I, II, III, IV