If bonds are issued at a premium, the amortization of the premium over the life of the bonds causes the
a. interest expense to increase; b. interest payment to decrease; c. carrying value of the bonds to decrease; d. liability account to increase; e. maturity value to decrease.
C
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A statement that is based on observable, sensory data and is only about the past or present is a
A) statement of value B) statement of opinion C) statement of inference D) statement of fact
Rachel believes that happy workers are more productive. She gives job applicants a test that assigns a happiness score between 1 and 10. Rachel only hires people who score 7 and higher. Austin scored a 6 on the test and was not hired. He complained to Rachel, saying that he is very happy and that her test is no good. What is Austin arguing that the test does not have?
A. criterion-related validity B. content validity C. construct validity D. reliability E. analytics
The concept of permanent current assets reflects the fact that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low. Thus, permanent current assets represent a minimum level of current assets that must be financed.
Answer the following statement true (T) or false (F)
A & D, Inc wrote a negotiable note payable to Vicy, Inc for the purchase of some satellite receivers. A & D left the amount of the note blank because it was uncertain as to amount of the applicable tax. Vicy completed the note for $3,000 more than A & D actually owed for the receivers it purchased. The note was negotiated to a holder in due course. A & D will not have to honor the note as this
constituted fraud in the execution. Indicate whether the statement is true or false