The carrying value of a bond issued at a premium is calculated at any given point in time by adding the balance of the unamortized premium to the bond's face value
Indicate whether the statement is true or false
True
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Nighthawk Inc is considering disposing of a machine with a book value of $22,500 and an estimated remaining life of three years. The old machine can be sold for $6,250. A new machine with a purchase price of $68,750 is being considered as a replacement. It will have a useful life of three years and no residual value. It is estimated that variable manufacturing costs will be reduced from $43,750
to $20,000 if the new machine is purchased. The net differential increase or decrease in cost for the entire three years for the new equipment is: A) $8,750 increase B) $31,250 decrease C) $8,750 decrease D) $2,925 decrease
Michael wanted to build a small princess castle for his daughter in the backyard
He decided to turn it into a do-it-yourself project, so he bought the disassembled parts of the castle from Big Ben Forts Inc However, after the purchase, he found that the manual provided by the company gave vague directions that were hard to understand. He built the castle by following the manual, but after a few days the castle collapsed and injured his daughter who was playing inside. Which of the following actions can Michael take in this situation? A) He can file a negligence lawsuit against the store from which he bought the castle. B) He can file a strict liability lawsuit against Big Ben Forts for failure to warn about the possible dangers of the product. C) He can file a strict liability lawsuit against Big Ben Forts for failure to provide adequate instructions on assembling the product. D) He can sue Big Ben Forts for defects in the packaging of their products.
The spreadsheet starts with the beginning statement of cash flows and concludes with the ending statement of cash flows
Indicate whether the statement is true or false
A surety is entitled to receive from the debtor the actual amount of the debt paid to the creditor on behalf of the suretyship arrangement but not other expenses incurred
a. True b. False Indicate whether the statement is true or false