The party that receives the payment due from a note is called the_____________
Fill in the blank(s) with correct word
payee
You might also like to view...
O'Malley, Inc. issued 60,000 shares of common stock in exchange for manufacturing equipment. The equipment has a fair value of $1,420,000. The stock has a par value of $0.05 per share. The journal entry to record this transaction includes a ________.
A) debit to Cash for $14,170,000 B) credit to Gain on Sale of Common Stock for $1,480,000 C) credit to Paid-In Capital in Excess of Par—Common for $1,417,000 D) credit to Common Stock—$0.05 Par Value for $1,420,000
The cost of perpetual preferred stock is found as the preferred's annual dividend divided by the market price of the preferred stock. No adjustment is needed for taxes because preferred dividends, unlike interest on debt, is not deductible by the issuing firm.
Answer the following statement true (T) or false (F)
If a U. S. company's credit sale to an international customer allows payment to be made in a foreign currency, the sale transaction is recorded using the exchange rate on the date of sale.
Answer the following statement true (T) or false (F)
Sex, religion and national origin, but not race, can be a:
a. bona fide occupation qualification b. reason for a discrimination claim c. reason to fire an employee d. all of the other specific choices are correct e. none of the other specific choices are correct