The following information was drawn from the year-end balance sheets of White, Inc. Year 2Year 1Bonds payable$200,000 $275,000 Common stock 112,500 87,500 Treasury stock 17,500 12,500 Retained earnings 35,000 27,500 White, Inc., issued $30,000 in bonds during Year 2. The bonds were issued at face value. All bonds were retired at face value. What is the amount of cash outflow for the payment of bond liabilities?
A. $25,000
B. $105,000
C. $75,000
D. $55,000
Answer: B
You might also like to view...
Partners Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. An offer to lend you the $50,000 also comes from Community Bank, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks?
A. 1.56% B. 1.30% C. 1.09% D. 0.91% E. 0.72%
Your attitude can cause others to be drawn to you
Indicate whether the statement is true or false
Read the scenario, and then answer the corresponding question. Your coworker, Caitlin, sends you an email to let you know that recent updates have been made to the accounts receivable database. As you read Caitlin's email, you simultaneously listen to your voice mail messages. Then you send a quick reply to Caitlin to let her know you received her email. Barriers often hinder the communication
process. True or False: Listening to voice mail while attempting to read an email is likely to interfere with the communication process. Indicate whether the statement is true or false
Which of the following is true for collaborative relationships?
a. They involve very little effort. b. They require early supplier involvement. c. They are suitable for noncritical or one-time purchases. d. They are not intended for product innovation.