When a bank deducts the interest on a note in advance, the note has been_____________
Fill in the blank(s) with correct word
discounted
You might also like to view...
In the experience section of the résumé, the focus should be on
A) responsibilities of the job. B) abilities developed in coursework. C) training sponsored by businesses. D) high school or military training. E) what you accomplished in each position.
On January 15, 2016, the accounts receivable balance was $7,000 and the balance in the allowance for doubtful accounts was $700 . On January 16, 2016, a $200 uncollectible account was written-off. The net realizable value of accounts receivable on January 16 immediately after the write-off is:
a. $6,300 b. $6,800 c. $6,500 d. $7,900
Under International Financial Reporting Standards (IFRS), which of the following statements regarding the lower-of-cost-or-market rule is incorrect?
A) It is not necessary to record inventory at the lower-of-cost-or-market. B) The market value is defined as net realizable value. C) If the historical cost is higher than the net realizable value, the inventory must be written down. D) The IFRS approach results in fewer write-downs of inventory than U.S. GAAP.
Which of the following is the best example of relationship marketing?
A. Gate Corp. uses personal selling till the provider stage to reach individual customers. B. Venus Inc. focuses on using print media to have a wide reach. C. Fin Corp. focuses on short-term gains through one-time transactions. D. Kite Inc. uses mass media to communicate with its target audience. E. Felix Inc. develops a long-term link with individual customers for mutual benefit.