On October 1, 2015, Jacob's Beach Umbrellas borrowed $5,000 on a 12%, one-year note payable. Interest was payable semiannually. A correct adjusting entry was made on December 31, 2015, and a correct reversing entry was made on January 1, 2016. The entry that should be made on March 31, 2016, is
A) Interest Payable 300Cash 300
B) Interest Expense 150Interest Payable 150Cash 300
C) Interest Expense 150Cash 150
D) Interest Expense 300Cash 300
D
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The return on plan assets component of pension expense for a defined benefit pension plan is:
A. the reduction in pension expense created by actual earnings of the plan. B. the change in the plan asset value resulting from the actual return on plan assets. C. the reduction in pension expense created by expected earnings of the plan. D. not a factor in the determination of pension expense.
In terms of the use of humor internationally, humor is:
A) used less frequently in other countries B) often based in one's culture C) normally transferable to other cultures D) equally effective in all cultures
Which of the following presents a statement of fact?
A) The bank will pay a higher interest rate next year. B) The banker likes to sleep in. C) The bank invests its assets wisely. D) The bank opened at 9:00 a.m. on Tuesday.
Which element of a brand story framework do Randall Ringer and Michael Thibodeau relate to the time, place, and context of the brand story?
A) cast B) pitch C) narrative arc D) setting E) language