The rate of interest that is printed on the bond is called the ________ rate of interest.
A) stated
B) market
C) variable
D) maturity
A) stated
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Activity-based responsibility accounting addresses environments that consist of competitive conditions and dynamic change
Indicate whether the statement is true or false
The last step in the accounting record-keeping process is:
a. making adjusting journal entries to the accounts to correct errors and to reflect the financial statement impacts of items that occur because of usage or the passage of time. b. preparing the income statement for the period from amounts in the income statement accounts. c. closing the temporary income statement accounts to retained earnings. d. preparing the balance sheet from amounts in the balance sheet accounts. e. preparing the statement of cash flows from balance sheet amounts and from details of transactions affecting the cash account.
When a debtor no longer has an obligation to pay a debt, that debt has been
a. terminated. b. revoked. c. completed. d. discharged.
Which of the following is a positive consequence of conflict in an organization?
A. It provides a healthy distraction from work. B. It eliminates hostility and aggressive behavior. C. It leads to decentralization of organizational structure. D. It leads to the generation of new ideas.