Three months before year-end, Billings Company signed a $100,000, 12%, 6-month note. Principal and interest will be paid at maturity. No interest should be accrued at year-end because the company has no obligation to pay the interest until the note matures
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following best describes a competitor with an ability to develop new products?
A) a serious long-term threat in a market B) an aggressive competitor C) a cooperative competitor D) a possible short-term threat in a market
Just-in-time relationships between buyers and sellers usually require operational linkages and information sharing.
Answer the following statement true (T) or false (F)
What is meant by an issue or issuer being placed on a credit watch?
What will be an ideal response?
Which of the following is NOT a strategy for adjusting capacity to match demand?
A. Using part-time employees B. Scheduling down time during periods of low demand C. Renting additional facilities or equipment D. Cross-training employees E. Differentiating on price