Claims made by telephone or e-mail are just as effective as claims made in writing
Indicate whether the statement is true or false
False
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Most foreign exchange trading occurs between banks and
a. national governments. b. other banks. c. corporations. d. household investors.
Exhibit 14-11 Omega, Inc issued $100,000 of its 7% five-year bonds on January 1, 2014, at 98. Interest is paid on January 1 and July 1. The bonds are callable at 104 and straight-line amortization is used. The bonds are recalled on April 1, 2016. ? Refer to Exhibit 14-11. Interest expense for 2016 will be
A) $1,750. B) $1,800. C) $1,850. D) $1,900.
The sales manager of Sebastian Company failed to record a valid sale on account of merchandise that had been shipped to a customer prior to the end of the current year; however, the company uses a periodic method of accounting for inventory and the merchandise had been properly excluded from inventory at the end of the current year. As a result of this error, Sebastian Company's
a. total assets are overstated for the current year. b. total expenses are understated for the current year. c. net income is overstated for the current year. d. total assets are understated at the end of the current year. e. none of the above.
The decision-making discretion of top-level managers is determined partly by external environmental sources such as the industry structure, the rate of market growth in the firm's primary industry, and the degree to which products can be differentiated.
Answer the following statement true (T) or false (F)