A natural key is a key that consists of one or more attributes that naturally belongs to the entity
Indicate whether the statement is true or false
TRUE
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Under accrual accounting, revenue is recognized when
a. the firm has performed all, or most of, the services it expects to provide. b. the firm has received cash, or some other asset such as a receivable, whose cash-equivalent value it can measure with reasonable precision. c. the firm has significant uncertainty about the amount and timing of the cash inflows and outflows from the sales transaction. d. both a and b must be present. e. none of the above.
On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the issuance of the bond is:
A. Debit Cash $400,000; debit Discount on Bonds Payable $16,207; credit Bonds Payable $416,207. B. Debit Cash $383,793; debit Premium on Bonds Payable $16,207; credit Bonds Payable $400,000. C. Debit Cash $383,793; credit Bonds Payable $383,793. D. Debit Bonds Payable $400,000; debit Bond Interest Expense $16,207; credit Cash $416,207. E. Debit Cash $383,793; debit Discount on Bonds Payable $16,207; credit Bonds Payable $400,000.
An effective opening for a bad-news message
a. notes the date of the message being answered. b. expresses gratitude for the time the receiver took to write. c. provides an immediate answer to the receiver's request. d. makes a neutral comment related to the main idea.
Which sentence expresses numbers correctly?
A) Summer break will begin in only 12 and a half days. B) Summer break will begin in only twelve and a half days. C) Summer break will begin in only 12½ days.