Project managers must be good communicators
a. True
b. False
Indicate whether the statement is true or false
True
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The effective interest rate method of amortizing a bond discount or premium is the preferred method
a. True b. False Indicate whether the statement is true or false
A negative balance for retained earnings due to cumulative net losses is called a(n)
A) ?deficit. B) ?retained loss. C) ?retained debit. D) ?other comprehensive loss.
The accounts and balances shown below were gathered from Pastel Corporation's trial balance on December 31 . 2014 . All adjusting entries have been made. Wages Payable ........................................... $ 25,600 Cash .................................................... 17,700 Mortgage Payable ........................................ 151,600 Dividends Payable
....................................... 14,000 Prepaid Rent ............................................ 13,600 Inventory ............................................... 81,800 Sinking Fund Assets ..................................... 52,400 Short-Term Investments .................................. 15,200 Premium on Bonds Payable ................................ 4,600 Stock Investment in Subsidiary .......................... 102,400 Taxes Payable ........................................... 22,800 Accounts Payable ........................................ 24,800 Accounts Receivable ..................................... 36,600 See information for Pastel Corporation above. The amount that should be reported as current liabilities on Pastel Corporation's balance sheet is a. $73,200. b. $91,800. c. $87,200. d. $238,800.
In the case of an ordinary lease, if the lessor is a merchant, the risk of loss remains with the lessor even after the lessee receives the goods
Indicate whether the statement is true or false