Financial statement notes must disclose significant limitations on dividend declarations
Indicate whether the statement is true or false
T
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What is biometrics?
a. A vital part of the security of any electronic system. b. The use of unique features of the human body to create secure access controls. c. The most important aspect of internal control in an organization. d. An authorization that reassures users that transactions are valid.
What has been defined as perseverance and passion for long-term goals?
A. motivation B. stick-to-it-iveness C. sustainability D. grit
Use the following information about the current year's operations of a company to calculate cash provided by operations. Net income$100,000 Decrease in Accounts Payable 5,000 Increase in Accounts Receivable 4,000 Increase in Merchandise Inventory 8,000 Decrease in Salaries Payable 2,000 Depreciation Expense 6,000 Gain on Sale of Machinery 2,000
A. $89,000. B. $85,000. C. $105,000. D. $97,000. E. $81,000.
On January 1, 2016, the Keller Co. issued $140,000 of 20-year 8% bonds for $172,000. Interest was payable annually. The effective yield was 6%. The effective interest method was used to amortize the premium. What amount of premium would be amortized for the year ended December 31, 2016?
A. $827.20 B. $1,804.80 C. $880.00 D. $453.20