How does the amortization of the discount on a note payable affect the elements of a company's financial statements?A.Decreases interest expense and decreases liabilitiesB.Decreases interest expense and increases liabilitiesC.Increases interest expense and decreases liabilitiesD.Increases interest expense and increases liabilities
What will be an ideal response?
D
The bookkeeping technique of converting the discount to interest expense over the term of the loan is described as amortizing the discount. Amortizing the discount increases liabilities (by decreasing the discount on notes payable, a contra liability account) and decreases stockholders' equity (retained earnings). It increases expenses (interest expense), which decreases net income.
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The working-age population in the least developed countries is growing rapidly and in the traditional pattern among youth. This growth is particularly pronounced because worldwide ______.
a. more children are immigrating along with their parents *b. more children than ever before are living to adulthood c. the working population category has expanded to recognize people are entering the labor force earlier d. families are being incentivized to have more children
Which of the following parties can defeat a perfected security interest?
a. A "buyer in ordinary course of business." b. A buyer of consumer goods if the buyer is not aware of the security interest, gives value for the goods, will continue to use the goods as consumer goods, and the secured party has not filed a financing statement. c. A buyer who purchases chattel paper or an instrument in the ordinary course of business, and then takes possession. d. All of the above are correct.
Discuss the relationship between transportation strategy and competitive strategy
What will be an ideal response?
In a sample survey, it is common practice to use a t value of _____ (when approximating a 95% confidence interval)
a. 1 b. 2 c. 3 d. 4