When there are material differences between the results of using the straight-line method and using the effective interest method of amortization, the effective interest method should be used
Indicate whether the statement is true or false
T
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Sharon owes Lawrence Co $15,000 on a note payable, plus $3,000 of unpaid interest. Lawrence agrees to accept equipment in full settlement of the debt. The equipment is recorded on Sharon's books at $12,000, and it is currently worth $14,200. What types and amounts of gains or losses, if any, should be recorded by Sharon on this troubled debt restructuring?
A) ?No gain or loss should be recognized. B) ?Gain on Debt Restructure, $6000 C) ?Gain on Debt Restructure, $3,800; Gain on Disposal of Equipment, $2,200 D) ?$6,000 Gain on Debt Restructure, $800; Gain on Disposal of Equipment, $2,200
JJ Distributors Ltd. buys electronic products from manufacturers for wholesale and sells them to various retail outlets. To which of the following markets does JJ Distributors Ltd. directly cater?
A) business markets B) reseller markets C) manufacturer markets D) supplier markets E) consumer markets
Costs that are necessary to sustain an organization's operations are referred to as ____________________________
Fill in the blank(s) with correct word
When organizational culture is participative, companies "listen" to their employees' questions and concerns. Which of the following listening methods can protect the identity of employees by allowing them to communicate anonymously?
A. Third-party call centers D. Face-to-face meetings B. Videoconferencing E. Ombudsman C. Personalized emails