Landmark Corp. buys $300,000 of Schroeter Company's 8%, 5-year bonds payable, at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:
A. Debit Cash $300,000; credit Interest Revenue $300,000.
B. Debit Cash $300,000; credit Interest Receivable $300,000.
C. Debit Cash $300,000; credit Bonds Payable $300,000.
D. Debit Cash $300,000; credit Debt Investments-HTM $300,000.
E. Debit Long-Term Investments-HTM $300,000; credit Cash $300,000.
Answer: D
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a. True b. False Indicate whether the statement is true or false
Use the function ExpValue, defined below. If you apply this function to the data in the image, where Values = B2:B4, and Weights = A2:A4, what is the value of EV when t=2?
Public Function ExpValue(Values As Range, Weights As Range)
Dim t As Integer, VarCount As Integer, EV As Single
VarCount = Values.Count
EV = 0
For t = 1 To VarCount
EV = EV + Values(t) * Weights(t)
Next t
ExpValue = EV
End Function
a) $25
b) $50
c) $125
d) $225
e) $250
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What will be an ideal response?
Dina takes out a student loan from Earnest Bank. When she fails to make the scheduled payments for six months, Earnest advises her of further action that it will take. This is a violation of A) no federal law
B) the Fair and Accurate Credit Transactions Act. C) the Fair Debt Collection Practices Act. D) the Truth-in-Lending Act.