Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500 . If theissuing corporation redeems the bonds at 98.5, what is the amount of gain or loss on redemption?
a. $500 loss
b. $15,500 loss
c. $15,500 gain
d. $500 gain
a
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Which of the following concepts focuses on preparers of financial information?
a. Comparability b. Consistency c. Uniformity d. Both b and c
Which of the following is NOT one of the ways to proactively manage demand?
a. prices changes b. sales incentives c. promotions d. sales force opinion
Rita went to work for a manufacturing company. The company offers a defined-benefit pension plan
The retirement benefit is equal to 1.5 percent multiplied by years of service with the company, and the result is multiplied by average salary in the three highest consecutive years of paid employment with the company. The benefit formula used at Rita's company is a A) flat dollar amount for all employees. B) flat percentage of annual earnings. C) flat dollar amount for each year of service. D) unit-benefit formula.
Preferred stockholders have first claim on the assets of a corporation if the corporation dissolves
Indicate whether the statement is true or false