On May 1, Knox Inc purchases $100,000 of 10-year, 6% Madison Corporation bonds dated March 1 at 100 plus accrued interest. What entry would Knox record when purchasing the bonds?
Investments—Madison Corporation Bonds 100,000
Interest Receivable ($100,000 × 6% × 2/12) 1,000
Cash 101,000
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Answer the following statement true (T) or false (F)
An ________ refers to an agency that arises when a franchisor creates the image that a franchisee is its agent when in fact an actual agency does not exist
A) apparent agency B) implicit agency C) agency by ratification D) implied agency
A mainframe computer company decided to enter the personal computer market with its Floridian Project, but subsequently decided to leave the market to focus on the mainframe business. The decision rule that they probably applied was to get out:
A) When the project no longer meets strategic fit criteria. B) When deadlines continue to be missed. C) When project personnel turn over too rapidly. D) When technology evolves beyond the project's scope.
Benefits paid to employees out of work through no fault of their own and who are available for suitable work if and when it becomes available falls under the category of:? A) ?unemployment compensation
B) ?workers' compensation. C) ?welfare benefits. D) ?pension plans.