Everett is an accountant for a major accounting firm. One day at work, he is discussing his collection of rare coins with one of his co-workers. Everett tells his co-worker that he keeps his collection at home and that he has recently purchased several Chinese gold Panda coins at an exceptional price. The co-worker expresses an interest in buying two of the coins at a price of $250, and a
contract is duly formed. If no place for delivery is expressed, where are the coins to be delivered?
A) At the office of the accounting firm where the parties to the contract work
B) At Everett's home
C) At the co-worker's home
D) In the parking lot of the accounting firm
B
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When bonds are issued at a discount, both bonds payable on the balance sheet and interest expense on the income statement are affected
a. True b. False Indicate whether the statement is true or false
The numerator in the earnings per share calculation is
A) only the amount available to common shareholders. B) net income attributable to common shareholders. C) net income minus declared preferred stock dividends. D) All of these answer choices are correct.
O'Keith Company purchased a mine on January 1, 2018, for $530,000. The mine is estimated to contain 37,000 tons of iron ore. There is no residual value. The business extracted and sold 2500 tons of ore in 2018 and 19,800 tons of ore in 2019. What is the book value of the mine at the end of 2019? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $456,000 B) $210,664 C) $371,000 D) $530,000
A virtue-ethics-minded manager is trying to persuade a utilitarian-minded employee of the benefit of giving up some of her responsibilities to a new employee. The manager’s best argument would likely be that ______.
a. giving the new employee some important tasks will make her feel welcome, raise overall productivity, and benefit everyone in the department b. giving the new employee some important tasks is the virtuous thing to do c. giving the new employee some important tasks will make the new employee happier d. relinquishing some tasks will free up some of the older employee’s time and give her more needed leisure