Although body language varies from culture to culture, the implications of key signals such as direct eye contact are universally understood
Indicate whether the statement is true or false
False
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An investment today of $8,424 at 6% will yield $2,000 per year for the next five years because interest is being earned on principal that is left invested each year. The following tables are available:
Regarding accounting entries for debt securities, which of the following is true?
A) The receipt of interest revenue is recorded with a debit to Interest Revenue and a credit to Cash. B) Investments in debt securities are recorded at cost, including any brokerage fees paid. C) The receipt of interest revenue is recorded with a debit to Cash and a credit to Long-term Securities-Held-to-Maturity. D) Debt securities disposed of at maturity are recorded with a debit to the Short-term or Long-term Investments account and a credit to Cash.
Even if the end of an accounting period occurs between the signing of a note payable and its maturity date, the expense recognition principle requires that interest expense not be accrued on a note payable until the note is paid.
Answer the following statement true (T) or false (F)
Home Development Company employs llya to buy property for a future residential development. Ilya secretly buys some of the property and sells it to Home Development at a profit. Ilya has breached
A. no duty. B. the duty of accounting. C. the duty of loyalty. D. the duty of notification.