[The following information applies to the questions displayed below.]Seattle Company issued a $90,000 face value discount note payable to First Federal Bank on September 1, Year 1. The note had a 4% discount rate and a one-year term.What is the carrying value of the liability appearing on the December 31, Year 1 balance sheet?
A. $88,800
B. $80,400
C. $87,600
D. $90,000
Answer: C
You might also like to view...
A conflict of interest occurs when:
a. an employer knows of an employee's interest in a business deal or negotiation. b. an employee has an economic or personal interest in a transaction that adversely affects the company. c. employees offer, give, receive or solicit anything of value in order to influence an official act. d. employees demand payments from vendors for deciding in the vendors' favor.
A basic tenet of the law, which is expressly stated in the Code, is that a purchaser of goods obtains such title as his transferor had or had power to transfer
a. True b. False Indicate whether the statement is true or false
Which of the following is not required to establish an easement by implication?
A) Prior use during unity of ownership B) Absolute necessity C) Reasonable necessity D) All of the above are required
Once a company comes up with a few ideas for new products, the company uses _________________ to see which idea people like most. This helps the company determine which products are most likely to sell
Fill in the blank(s) with correct word