The ______ agrees to make the payment, such as the bank making a payment based on a document presented to it
a. drawee
b. drawer c. payee
d. checker
e. beneficiary
a
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Sanderling Corporation issued $400,000 of 5-year, 6% bonds at face value on August 1, Year 1. Interest is paid annually on July 31. The company has a calendar year-end.Required:a) Prepare the journal entry to record the issuance of the bonds.b) Prepare the adjusting entry required on December 31, Year 1. (Hint: Consider the interest that is owed to bondholders on this date.)c) Prepare the journal entry to record the first interest payment on July 31, Year 2.
What will be an ideal response?
The Colson Company has budgeted sales for the year as follows:Quarter1234Sales in units12,00014,00018,00016,000The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,000 units. Scheduled production for the second quarter is (in units):
A. 13,000 units. B. 16,500 units. C. 15,000 units. D. 17,500 units.
Data that have been collected or published already are
A. franchised data. B. primary data. C. secondary data. D. free. E. None of these answers are correct.
A controlling investor is called the parent, and the investee is called the subsidiary.
Answer the following statement true (T) or false (F)