The Securities Exchange Act of 1934 applies to companies that have assets in excess of $5 million and five hundred or more employees
Indicate whether the statement is true or false
F
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Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity?
A. 3.44% B. 3.79% C. 4.17% D. 4.58% E. 5.04%
On December 31, 2018, Country Living Sales has 10-year Bonds Payable of $89,000 and Discount on Bonds Payable of $2350. How will this be shown on the December 31, 2018 Balance Sheet?
A) Bonds Payable $89,000 less Discount on Bonds Payable $2350 for a carrying amount of $86,650 B) Bonds Payable $89,000 plus Discount on Bonds Payable for a carrying amount of $91,350 C) Bonds Payable $89,000 D) Bonds Payable $89,000 less one-tenth of $2350 for a carrying amount of $88,765
Under variable costing, all variable production costs are treated as product costs.
Answer the following statement true (T) or false (F)
In SAP ERP a sales order is entered only once, by the sales people. It need not be entered a second time, in Accounting, to keep the books. Briefly explain why that second entry is not needed in SAP R/3