When obtaining office equipment through a lease with the option to purchase, the lessee can purchase the equipment at any time during the duration of the lease period
Indicate whether the statement is true or false.
T
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Barnes Company purchased $50,000 of 8% bonds at par. The bonds mature in six years and are a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment?
A. debit Cash, $4,000; credit Unrealized Gain-Equity, $4,000. B. debit Cash, $4,000; credit Debt Investments?HTM, $4,000. C. debt Cash, $2,000; credit Debt Investments?HTM, $2,000. D. debit Unrealized Gain-Equity, $2,000; credit Cash, $2,000. E. debit Cash, $2,000; credit Interest Revenue, $2,000.
The term ________ refers to the value people place on their public image or reputation.
Fill in the blank(s) with the appropriate word(s).
Knight's Catering Service receives a May 19th invoice for $150 with terms of 3/10 net 30. If Knight's pays the invoice on May 28th, how much is due?
A. $147.00 B. $150.00 C. $120.00 D. $145.50 E. $153.00
Things you should not do to maintain the intangible value of the firm include:
A. File patents on patentable processes B. Register copyrights and trademarks C. Document all proprietary processes D. Have personnel execute confidentiality agreements E. None of the above