What would be the adjusting entry for a note payable whose interest is not included in the face amount of the note?
a. Debit Interest Receivable and credit Interest Income.
b. Debit Interest Expense and credit Cash.
c. Debit Interest Expense and credit Interest Payable.
d. Debit Cash and credit Notes Payable.
C
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Which of the following is NOT an area of your life benefitting from speechmaking?
a. Societal life b. Professional life c. Personal life d. Athletic life
"Stress signals" include:
a. infrequent, irrational behavior. b. frequent headaches. c. All of the answers are correct. d. mood swings and inability to concentrate.
Which of the following is NOT a theory on which a product liability claim can be based?
a. Negligence b. Breach of warranty c. Ultrahazardous activity d. Strict liability
In contrast to the common law of contracts, a merchant's firm offer under Article 2 may be revoked within a reasonable time without consideration and is irrevocable with consideration for a period not to exceed 3 months
a. True b. False Indicate whether the statement is true or false