The discount on a note payable gradually becomes
A. interest expense.
B. interest revenue.
C. interest payable.
D. interest receivable.
Answer: A
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Alba Motors Company has offered to sell 6,000 units of the same part to Transformation for $17.50 per unit. Assuming the company has no other use for its facilities and that the fixed manufacturing costs are unavoidable, what should Transformation do?
Transformation Motor Company produces a part that is used in the manufacture of one of its products. The unit manufacturing costs of this part, assuming a production level of 6,000 units, are as follows:
Which of the following statements is ethnically biased??
A) ?Please give your form to Sheila, the Asian woman. B) ?George is the older gentleman who works downstairs. C) ?Blind employees receive special treatment. D) ?Employees with vision impairments receive compensation.
Product costs are used only in managerial accounting.
Answer the following statement true (T) or false (F)
The asset account, Office Supplies, had a beginning balance of $3,800. During the accounting period, office supplies were purchased, on account, for $2,500. Supplies Expense for the accounting period is $4,000
What is the ending balance of Office Supplies? A) $6,300 B) $2,300 C) $4,000 D) $5,300