An entity is
a. a physical resource
b. an event
c. an agent
d. all of the above are entities
D
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The journal entry a company records for the issuance of bonds when the contract rate is greater than the marketrate would be
a. debit Bonds Payable, credit Cash b. debit Cash and Discount on Bonds Payable, credit Bonds Payable c. debit Cash, credit Premium on Bonds Payable and Bonds Payable d. debit Cash, credit Bonds Payable
Name three Sarbanes-Oxley Act requirements and duties of the members of the audit committee of a public company.
What will be an ideal response?
The ________ for Mothers Against Drunk Driving (MADD) is "to stop drunk driving, support the victims of this violent crime, and prevent underage drinking."
A) operational plan B) mission statement C) portfolio analysis D) market penetration strategy E) diversification strategy
Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2018, have been restated into U.S. dollars as follows: Restated at Current Rates Historical RatesCash$47,500 $45,000 Accounts receivable 95,000 90,000 Marketable securities, at fair value 76,000 72,000 Land 57,000 54,000 Equipment (net) 142,500 135,000 Total$418,000 $396,000 ?If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?
A. $0.9474. B. $1.0000. C. $0.9500. D. $0.9000. E. $1.0556.