A note receivable is considered impaired when
A) the debtor misses an interest or principal payment.
B) it is probable that the creditor will be unable to collect all amounts due.
C) the market value of the note is less than its book value.
D) the market value of interest exceeds the original contract interest rate.
B
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In a contract involving elements of both goods and services, a court will determine whether Article 2 of the Uniform Commercial Code (UCC) applies by:
A. asking if the contract is barred by public policy. B. balancing the need to apply a uniform standard with the interest of justice. C. using the criteria of reasonableness. D. asking which element predominates in the contract.
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Accounts Receivable-indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
A) Add to net income to arrive at net cash flows from operating activities. B) Subtract from net income to arrive at net cash flows from operating activities. C) Not used to adjust net income to calculate net cash flows from operating activities.
Who is MOST likely to engage in social loafing?
A. women B. men C. those of Eastern background D. conscientious people
Which of the following statements is true of e-government?
A) It includes efforts to make classified information available to the general public. B) It saves people the time spent in commuting to and waiting at government offices. C) It is limited to issues such as e-governance and tax collection, whereas nonprofits involve a larger variety of issues. D) It addresses issues that are strategic in nature, whereas nonprofits use IT to address issues that are operational in nature.