Clarion Corp invested cash in a 6-month certificate of deposit (CD) on November 1, 2015 . If Clarion Corp has an accounting period that ends on December 31, 2015, when should Clarion recognize interest revenue from the CD?
a. On December 31, 2015 only
b. On May 1, 2016 only
c. Both December 31, 2015 and May 31, 2016
d. On the date when its income tax return is filed
c
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The largest amount of spending for alternative advertising in the United States focuses on:
A) brand entertainment B) online/mobile C) interactive marketing D) social media
A firm in the pollution prevention stage of the corporate environmental responsibility model is best described by which statement?
A. Focusing on all environmental impacts of the product life cycle. B. Using innovation to create new sustainable technology. C. Minimizing or eliminating waste before it is created. D. Incurring losses due to environmental costs.
Realized gains or losses on available-for-sale debt investments represent the difference between the ________.
A) historical cost and the average market value of the investment B) fair value and the current market value of the investment C) cash received at time of disposition and the fair value of the investment D) cash received at time of disposition and the cost of the investment
A company paid $37,800 to acquire 8% bonds with a $40,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
A. $40,525. B. $38,325. C. $43,200. D. $40,000. E. $37,800.