The Home Mortgage Disclosure Act applies to all financial institutions

Indicate whether the statement is true or false


False

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On January 1 . 2014, Yearly Corporation issued $500,000 of 1 . percent, 10-year bonds at 88.5 . Interest is payable on December 31 . If the market rate of interest was 1 . percent at the time the bonds were issued, how much cash was paid for interest in 2014?

a. $44,250 b. $50,000 c. $53,100 d. $60,000

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Which of the following accounts is decreased by a debit entry?

A) Unearned revenue B) Prepaid insurance C) Cash D) Insurance expense

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During a ________, the defendant's attorney can call additional witnesses and introduce other evidence to counter the rebuttal

A) closing argument B) rejoinder C) cross-examination D) re-direct examination

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Even in the face of adversity, a group working together for a common goal can have high

a. levels of frustration. b. morale. c. sensitivity. d. none of these choices.

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