Which of the following accounts are normally reported as noncurrent liabilities on a classified balance sheet?
a. Notes payable due in 5 years and bonds payable
b. Interest payable and mortgage payable
c. Income taxes payable and salaries payable
d. Capital stock and accounts payable
a
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Which of the following is NOT conducive to database marketing?
A) Rushbury Theater relies on the generosity of donors to keep functioning. B) Kenilworthy retails luxury handbags and leather accessories to a select clientele. C) 2Wheels sells its most profitable products to repeat customers. D) Uncle Jim's sells its range of snacks in stores throughout the country. E) PetZone offers obedience classes, a doggie daycare, and other services for pets in the Manhattan area.
An increase in a firm's risk will always result in a higher share price since a stockholder must be compensated for the greater risk
Indicate whether the statement is true or false
Bernson Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $492,000 and 30,000 machine-hours for the period.The company incurred actual total fixed manufacturing overhead of $517,000 and 28,300 total machine-hours during the period. The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:
A. $492,000 B. $464,120 C. $487,703 D. $25,000
Under a conservative funding strategy, the firm funds both its seasonal and its permanent requirements with long-term debt
Indicate whether the statement is true or false