No more than three of the five commissioners of the Securities and Exchange Commission can be ________
A) male
B) over the age of 60
C) from the same political party
D) stockbrokers
C
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A statement that goes beyond what is observed and is about the past, present, or future is called a
A) statement of fact B) statement of opinion C) statement of perception D) statement of value
On January 1, a company issues bonds dated January 1 with a par value of $460,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $441,361. The journal entry to record the issuance of the bond is:
A. Debit Cash $441,361; debit Premium on Bonds Payable $18,639; credit Bonds Payable $460,000. B. Debit Cash $460,000; credit Discount on Bonds Payable $18,639; credit Bonds Payable $441,361. C. Debit Cash $441,361; credit Bonds Payable $441,361. D. Debit Cash $441,361; debit Discount on Bonds Payable $18,639; credit Bonds Payable $460,000. E. Debit Bonds Payable $460,000; debit Bond Interest Expense $18,639; credit Cash $478,639.
An external transaction is an exchange within an entity that may or may not affect the accounting equation.
Answer the following statement true (T) or false (F)
What does the success of business-level strategies depend on?
What will be an ideal response?