A paralegal who works in a specialty area of law can answer questions that require legal knowledge of that area
Indicate whether the statement is true or false
FALSE
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A bond is usually divided into a number of individual bonds of $500 each
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of line extensions?
A) introduction of the personal computer B) a firm's entry into various packaged food categories C) introduction of a new flavor of ice crème by a company D) introduction of improved version of a detergent powder by a firm
The more reliance a firm has on intellectual capital the closer its book value will be to its market value.
Answer the following statement true (T) or false (F)
Strider Corporation issued 14%, 5-year bonds with a par value of $5,000,000 on January 1, Year 1. Interest is to be paid semiannually on each June 30 and December 31. The bonds are issued at $5,368,035 cash when the market rate for this bond is 12%.(a) Prepare the general journal entry to record the issuance of the bonds on January 1, year 1.(b) Show how the bonds would be reported on Strider's balance sheet at January 1, Year 1.(c) Assume that Strider uses the effective interest method of amortization of any discount or premium on bonds. Prepare the general journal entry to record the first semiannual interest payment on June 30, Year 1.(d) Assume instead that Strider uses the straight-line method of amortization of any discount or premium on bonds. Prepare the general journal entry to
record the first semiannual interest payment on June 30, Year 1. What will be an ideal response?