The double-entry system is possible because all business transactions have at least two equal and opposite aspects
Indicate whether the statement is true or false
True
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The completion of a purchase order is which type of flow?
a. Cash b. Information c. Material d. Work
Although e-mail is successful for both internal and external communication, you should still use letters when A) you need immediate feedback
B) the message must reach your reader very quickly. C) formality and sensitivity are essential. D) you have too little time to proofread.
To retain strategic fit, supply chain strategy must be adjusted over the life cycle of a product and as the competitive landscape changes
Indicate whether the statement is true or false.
On January 1, 2017, Finch Company issued $74,000 of five-year, 8% bonds when the market interest rate was 12%. The issue price of the bonds was $62,000. Finch uses the effective-interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? (Round your answer to the nearest dollar number.)
A) $2,480 B) $3,720 C) $2,960 D) $4,440