A subsequent event is an event that occurs
A) after the annual report is issued.
B) anytime after the end of the accounting period.
C) between the end of the accounting period and the date the annual report is issued.
D) anytime before the annual report is issued.
C
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Facility location analysis considers the competitive imperative of locating near the appropriate labor pool to take advantage of high technical skills.
Answer the following statement true (T) or false (F)
Which of the following statements is accurate about "fraud risk factors" considered when conducting an audit?
A. The factors often have been observed in circumstances where frauds have occurred. B. The factors will require modification to planned audit procedures. C. The factors obtained during the audit will lead to required communications with the audit committee. D. If the factors are present, it indicates that fraud exists.
In addition to a Statement of Financial Position and a Statement of Activities, a private college or university is required to present:
A. Neither A Statement of Functional Expense nor A Statement of Cash Flows. B. A Statement of Cash Flows. C. A Statement of Functional Expense. D. Both A Statement of Functional Expense and A Statement of Cash Flows.
On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%, 5-year note with annual installment payments of $16,800 plus interest due on December 1 of each succeeding year
On December 1, the principal amount was recorded as a long-term note payable. What amount of the note payable will be shown as current portion of Long-Term Note Payable on the balance sheet as of December 31, 2016? (Round your answer to nearest whole number.) A) $16,800 B) $26,880 C) $10,080 D) $33,600