______________________________ are sent to customers to notify them that their orders have been accepted and to inform them of the expected shipping date
Fill in the blank(s) with correct word
Customer acknowledgements
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If the straight-line method of amortization of discount on bonds payable is used, the amount of yearly interestexpense will increase as the bonds approach maturity
a. True b. False Indicate whether the statement is true or false
Basic earnings per share is computed as
A) Net Income / Total Number of Common Shares Outstanding. B) (Net Income ? Preferred Dividends) / Total Number of Common Shares Outstanding. C) (Net Income ? Preferred Dividends) / Weighted-Average Number of Common Shares Outstanding. D) Net Income / Weighted-Average Number of Common Shares Outstanding.
Canarsie Company leased equipment to Fulton Inc on January 1 . 2014 . The lease is for an eight-year period expiring December 31 . 2021 . The first of eight equal annual payments of $900,000 was made on January 1 . 2014 . Canarsie had purchased the equipment on December 29, 2013 . for $4,800,000 . The lease is appropriately accounted for as a sales-type lease by Canarsie. Assume that the present
value at January 1 . 2014, of all rent payments over the lease term discounted at a 1 . percent interest rate was $5,280,000 . What amount of interest revenue should Canarsie record in 2015 (the second year of the lease period) as a result of the lease? a. $490,000 b. $480,000 c. $438,000 d. $391,800
Cognitive dissonance relates to pre-purchase anxiety
Indicate whether the statement is true or false