The market rate of interest for a bond issue that sells for more than its par value is
a. less than the rate stated on the bond.
b. equal to the rate stated on the bond.
c. higher than the rate stated on the bond.
d. independent of the rate stated on the bond.
A
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Herndon Corp purchased merchandise on account from Likert Corp on November 18, 2016 . On November 21, 2016, Herndon returned damaged merchandise to Likert and was granted an adjustment on its account. Herndon uses the periodic inventory system. What effect does the merchandise return have on Herndon's accounting equation?
a. Assets and liabilities decrease. b. Assets and stockholders' equity decrease. c. Liabilities and stockholders' equity decrease. d. Liabilities decrease and stockholders' equity increases.
Marketing accountability is practiced in a wide variety of ways from company to company
Indicate whether the statement is true or false
For strong internal control system over cash, it is important to have the duties related to cash receipts and cash payments divided among different employees
Indicate whether the statement is true or false
A series of equivalent cash flows is called the accumulation factor.
Answer the following statement true (T) or false (F)