A holder of a U.S. Government bond has a greater certainty of getting back principal and interest
than the holder of a corporate bond.
Indicate whether the statement is true or false
TRUE
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Crimson Corp constructed equipment to manufacture a new line of home products during 2015 . The average balance of accumulated expenditures on the equipment during September through December 2015 was $500,000 . Construction started on September 1, 2015 and was still in progress at the end of 2015 . If Crimson borrowed $500,000 for one year on September 1, 2015, to finance the construction, and
the interest rate on the construction loan was 6%, how much interest can Crimson capitalize as part of the equipment cost for 2015? a. $ -0- b. $10,000 c. $20,000 d. $30,000
In testing the payroll of a large company, the auditor wants to establish that the individuals included in a sample actually were employees of the company during the period under review. What will be the best source to determine this?
A. Telephone contacts with the employees. B. Tracing from the payroll register to the employee's earnings records. C. Examination of Human Resource Department records. D. Confirmation with the union or other independent organization.
The most expensive management function for a nonprofit organization is ______.
A. planning B. marketing C. research and development D. human resources management
Bright Horizons strategy included which of the following?
a. Marketing services to employers instead of parents. b. Hiring inexpensive labor. c. Commoditized service offerings. d. Heavy regulatory oversight. e. All of the above are strategies employed by BH.