The call option in a bond has a greater chance of being exercised (to the detriment of the bondholder) if market interest rates have fallen since the bond was issued
Indicate whether the statement is true or false
TRUE
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The balance of the Allowance for Doubtful Accounts is added to Accounts Receivable on the balance sheet
Indicate whether the statement is true or false
The signature of the maker of a note may be typewritten or signed by means of a signature stamp so long as it represents a present intention to authenticate the instrument
a. True b. False Indicate whether the statement is true or false
If a limited partnership certificate is never filed, all partners are treated as general partners
Indicate whether the statement is true or false
Kirkeby Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Container RefurbishedRevenue $4,700Employee salaries and wages$44,200 $1,300Refurbishing materials $700Other expenses$30,200 ?When the company prepared its planning budget at the beginning of May, it assumed that 32 containers would have been refurbished. However, 34 containers were actually refurbished during May.?The "Refurbishing materials" in the flexible budget for May would have been closest to:
A. $23,800 B. $24,100 C. $22,682 D. $22,400