An answer can admit to the allegations made in a complaint.
Answer the following statement true (T) or false (F)
True
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Montgomery Corporation has excess cash to invest and pays $200,000 to buy 7%, five-year bonds of Richmond Corporation, at face value, on June 30, 2018. The bonds pay interest on June 30 and December 31. Montgomery intends to hold the bonds to maturity and has the ability to hold the bonds to maturity. The bonds are disposed of, at face value, on June 30, 2023.
Prepare the journal entry for June 30, 2018 (omit the explanation).
Which of the following statements accurately describes the "relevant range?"
a. The operation range in which the firm can earn a profit. b. The operation range in which variable costs rise proportionately. c. The operation range in which fixed costs are expected to remain the same. d. The operation range which can satisfy unusual product demand.
How does a "no-arrival, no-sale" contract differ from an F.O.B. destination contract?
A) Identification will occur in an F.O.B. destination contract, but not in a no-arrival, no-sale contract. B) If the goods fail to reach their destination, the seller must replace them in an F.O.B. destination contract, but not in a no-arrival, no-sale contract. C) Risk of loss while the goods are in transit is on the seller in an F.O.B. destination contract but on the buyer on a no-arrival, no-sale contract. D) Implied warranties exist in the F.O.B. destination contract, but not in the no-arrival, no-sale contract.
Top management at ValuTech want to proactively leverage diversity within the company. The first step towards this goal is to
A. ignore difference. B. understand difference. C. see difference. D. value difference.