An adjusting entry can include a debit to a(n)
a. asset and a credit to a liability.
b. liability and a credit to a revenue.
c. revenue and a credit to an asset.
d. expense and a credit to a revenue.
B
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According to U.S. GAAP, firms holding debt securities with a positive intent and ability to hold to maturity display such securities in the Investments section of the balance sheet at
a. amortized acquisition cost . b. market value. c. maturity value. d. future value of future cash flows. e. present value of future cash flows.
Which of the following would describe a callable bond?
A) Borrower has the right to pay off the bonds prior to due date. B) Borrower has the right to issue more bonds prior to due date. C) Borrower has the right to call off the interest payments on the bonds. D) Investor has the right to call off the interest payments on the bonds.
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
At the optimum solution, what is the cost of kidney beans in the diet?
a. $3.95
b. $4.22
c. $5.65
d. $2.70
Heather applied for a promotion, but her manager promoted a co-worker because the manager knew Heather was seven months pregnant. The manager did not want to promote someone who would probably be taking time off of work for childbirth and child care. The manager has acted legally and reasonably to protect her company's interests
Indicate whether the statement is true or false