Interest paid on deposits and borrowed funds is called
a. net interest expense
b. net interest margin.
c. gross interest expense.
d. net spread expense.
c
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A contract
A) must have commercial substance to be legally enforceable. B) may qualify for revenue recognition even if one party can unilaterally cancel the contract before performance. C) must be in writing to be enforceable for accounting purposes. D) is an agreement that creates enforceable rights and obligations.
The indirect method of computing cash flow from operating activities focuses attention on:
a. differences between the cash and accrual bases of accounting. b. differences between the single entry and double entry system of accounting. c. differences between the materiality and full disclosure assumption. d. differences between the LIFO and FIFO method of inventory evaluation.
After a job interview, you should always send a thank-you note, e-mail, or letter
Indicate whether the statement is true or false
Explain personal services and business services.
What will be an ideal response?