Based on the selected financial information for Coffeeberry Coffeehouse, calculate net income for 2012
A) $100
B) $900
C) $500
D) $300
B
Explanation: B) NI = Div + Addition to R/E = $700 + ($6,350 - $6,150 ) = $900.
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A term life insurance contract obligates the insurer to pay only the face amount of the policy if the insured dies within a specified period of time-the term of the policy.
Answer the following statement true (T) or false (F)
A bond premium has the effect of
a. lowering the carrying value of the bond. b. raising the effective interest rate above the face interest rate. c. increasing the amount of cash paid for interest each six months. d. lowering the effective interest rate below the face interest rate.
On the statement of cash flows, cash purchase of land is treated as a/an
a. investing activity. b. financing activity. c. outflow of cash from operations. d. expenditure not requiring the use of cash. e. none of the above.
Which Harvard psychologist developed moral stages which illustrated that individuals develop morally just as they would develop physically?
A. James Rest B. Lawrence Kohlberg C. Patricia Werhane D. Rushworth Kidder