The journal entry to record the payment of an interest-bearing note is
a. debit Cash; credit Notes Payable
b. debit Accounts Payable; credit Cash
c. debit Notes Payable and Interest Expense; credit Cash
d. debit Notes Payable and Interest Receivable; credit Cash
c
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Stanwick, Inc wants to measure the relationship between profitability and the investment made by stockholders. To measure this Stanwick should use the:
A) return on equity ratio. B) earnings per share. C) net profit margin percentage. D) operating margin percentage.
Determine the increase or decrease in cash for Rinky Supply Company for last year, given the following information. (Assume no other changes occurred during the past year.) ? Dividend payment $25 Increase in accounts receivables $50 Increase in notes payable $30 Decrease in accounts payable $20 Increase in accrued wages and taxes $15 Increase in inventories $35 Addition to retained earnings $5
A. -$50 B. +$40 C. -$80 D. +$20 E. -$30
Under an antilapse clause, an insurance policy will not lapse under any circumstances
Indicate whether the statement is true or false
Which of the following is a use of a currency swap?
A. To exchange an investment in one currency for an investment in another currency B. To exchange borrowing in one currency for borrowings in another currency C. To take advantage situations where the tax rates in two countries are different D. All of the above