A deposition is a sworn testimony by a party to a lawsuit or any witness
a. True
b. False
Indicate whether the statement is true or false
True
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Sharon owes Lawrence Co $15,000 on a note payable, plus $3,000 of unpaid interest. Lawrence agrees to accept equipment in full settlement of the debt. The equipment is recorded on Sharon's books at $12,000, and it is currently worth $14,200. What types and amounts of gains or losses, if any, should be recorded by Sharon on this troubled debt restructuring?
A) ?No gain or loss should be recognized. B) ?Gain on Debt Restructure, $6000 C) ?Gain on Debt Restructure, $3,800; Gain on Disposal of Equipment, $2,200 D) ?$6,000 Gain on Debt Restructure, $800; Gain on Disposal of Equipment, $2,200
Which of the following would be an addition to net income when using the indirect method to derive net cash flows from operating activities?
a. Payment of cash dividends b. Decrease in accounts payable c. Increase in merchandise inventory d. Loss on sale of machinery and equipment
When determining the amount of interest to be paid on a bond, which of the following information is necessary?
A) The market value of the bonds after one year. B) The selling price of the bonds. C) The stated rate of interest on the bonds. D) The effective rate of interest on the bonds.
On an AOA diagram, a ________ represents an activity of a project
A) route B) branch C) path D) node