Interest costs for short-term debt are generally lower than interest costs for long-term debt because
A) the term structure of interest rates generally reflects an upward sloping yield curve.
B) short-term debt is more flexible, allowing a match of short-term needs with short-term
financing.
C) investors demand higher returns on short-term debt due to liquidity concerns.
D) both A and B.
D
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A check that is outstanding for two consecutive months will appear only on the first month's bank reconciliation
Indicate whether the statement is true or false
Which of the following refers to the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong?
A. Social responsibility B. Free domain C. Ethics D. Codified law E. Sustainability
Aaliyah Turner opened Turner Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Aaliyah invested $13,500 cash in the business in exchange for common stock. 2. Aaliyah contributed $20,000 of photography equipment to the business in exchange for common stock. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months. 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9.
Paid $275 cash for January utilities. Based on this information, the amount of total stockholders' equity reported on the Balance Sheet at the end of the month would be: A. $40,175. B. $31,400. C. $30,875. D. $39,200. E. $31,150.
The first step in proofreading a document that you have word processed is to use the spell check
Indicate whether the statement is true or false