Illya owes Jenny $1,000 . In a separate deal, Kasey owes Illya $1,000 . Illya unconditionally assigns his rights in the deal with Kasey to Jenny. Illya's right to the $1,000 is then
a. unchanged.
b. extinguished.
c. incidental.
d. assigned to a court.
b
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The Plutonium Company has a bond investment classified as held-to-maturity, which has a carrying value of $62,000 and a fair value of $24,000. The decline in value is considered as other than temporary. What entry should Plutonium make to record the decline in value?
A) Unrealized Loss on Value Decline 38,000Allowance for Change in FairValue of Investment 38,000 B) Investment in Held-to-Maturity Securities 38,000Realized Loss on Decline in Value 38,000 C) Realized Loss on Decline in Value 38,000Investment in Held-to-Maturity Securities 38,000 D) Unrealized Loss on Value Decline 38,000Investment in Held-to-Maturity Securities 38,000
The absolute maximum number of units that would be possible under the best conceivable operating conditions is a description of which type of manufacturing capacity?
a. Practical b. Theoretical c. Currently attainable (expected) d. Normal
The Family Business Institute indicates that about ________ percent of successful ventures make it to the second generation of ownership.
A. 30 B. 20 C. 40 D. 10
The effective interest rate method of amortizing bond discounts and premiums results in a constant amount of interest expense every period.
Answer the following statement true (T) or false (F)