A long-term debt security that is secured by some form of collateral is referred to as a ________.
A. treasury share
B. bond
C. note
D. debenture
Answer: B
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Sincerity is best displayed when specific qualities that warrant praise are pointed out
Indicate whether the statement is true or false.
A ranking scale in which numbers are assigned to objects to indicate the relative extent to which some characteristic is possessed is called a(n) ________
A) nominal scale B) ordinal scale C) interval scale D) ratio scale E) random scale
Assume the following long-term debt structure for Parton Stores: Construction Loan at 5% on Building Under Construction . . . . . . . ..$2,000,000 Other Borrowings at 6% Average Rate . . . . . . . . . . . . . . . . . . . . . . . . .7,200,000 Total Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,200,000 The account Building Under Construction has an
average balance during the year of $6,000,000 . Parton Stores bases the amount of interest capitalized on the new construction-related borrowing, $2,000,000, and enough of the other borrowing to bring the total to $6,000,000 . How much does Parton Stores capitalize interest on the new construction? a. $240,000 b. $300,000 c. $320,000 d. $340,000 e. $360,000
The journal entry a company uses to record fully funded pension rights for its salaried employees at the end of the year is
A) debit Salary Expense; credit Cash B) debit Pension Expense; credit Unfunded Pension Liability C) debit Pension Expense; credit Unfunded Pension Liability and Cash D) debit Pension Expense; credit Cash