Corn that fills County Grain Co-op's silo is fungible if the corn is?
A)?alike naturally, by agreement, or by trade usage
B)?fundamentally different.
C)?fun, good, and edible.
D)?rotting due to a leaky roof and a delay in shipping.
A
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The most common type of long-term debt is a
A) note payable. B) bond payable. C) mortgage payable. D) pension.
Mixed costs have both a fixed and a variable component
Indicate whether the statement is true or false
At the time the transaction occurred, which of the following would result in an increase in net income under the accrual basis of accounting, but would not result in an increase in net income under cash basis accounting?
A) purchase of supplies for cash B) performance of services on account C) use of supplies purchased earlier D) receipt of cash for services that were performed earlier on account
The spot exchange rate for Indian Rupees is Rs 41/$. The one-year forward exchange rate is Rs 42/$ and the one-year U.S. interest rate is 4%. What is the implied one year interest rate in India?
A) 6.54% B) 6.24% C) 6.77% D) 6.75%