On October 1, 2012, Glover Company borrowed $200,000 on a two-year, 12% note, with interest and principal to be paid at maturity. How much interest expense will Glover report on its income statement for the year ending December 31, 2012?
A) $ 6,000
B) $18,000
C) $24,000
D) $12,000
A
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In confirming accounts receivable, an auditor decided to confirm customers' account balances rather than individual invoices. Which of the following most likely would be included with the entity's confirmation letter?
A. A client-prepared letter reminding the customer that a nonresponse will cause a second request to be sent. B. An auditor-prepared letter explaining that a nonresponse may cause an inference that the account balance is correct. C. An auditor-prepared letter requesting the customer to supply missing and incorrect information directly to the auditor. D. A client-prepared statement of account showing the details of the customer's account balance.
A printed price of manufacturer or wholesaler that is subject to special discounts is called a
a. net price; b. gross price; c. list price; d. trade price; e. purchase requisition
Although lobbying is traditionally a face-to-face business, the use of social media has expanded its role in lobbying considerably
Indicate whether the statement is true or false
The children were ________ excited when they heard they made the team; they jumped up and down ________
A) real/noisy B) really/noisy C) real/noisily D) really/noisily