A debt is a financial obligation a firm. It is:
a. an asset to the corporation
b. often incurred by selling bonds
c. financed by buying stocks back from the shareholders
d. an asset to the corporation often incurred by selling bonds e. none of the other choices
b
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On May 1, 2018, Plumbing Services issued a long-term note payable for $35,000. The note will be paid over five-years with annual principal payments of $7,000, plus interest, on May 1 of each year beginning on May 1, 2019.
Prepare the journal entry for the issuance of the note. Omit explanation.
Which of the following would not be characterized as a cost object?
A. A vehicle manufactured by an automobile manufacturer. B. A fast food restaurant located in a Midwest town. C. A regional airline flight from Atlanta to Miami. D. A large city's fire department. E. All of these are examples of cost objects.
Which of the following hotel customers has the most inelastic demand slope?
a. Business travelers in high season. b. Business travelers in low season. c. Tourists in high season. d. Tourists in low season. e. All groups have equivalent demand curves.
________ involves(s) externalizing an activity that was previously conducted in the organization.
a. Dis-integration b. Outsourcing c. Strategic scoping d. Strategic foresight