A(n) ______is an e-mail list of several to over hundreds of people who have interest in and knowledge of the particular topic you are researching.
a. blog
b. listserv
c. forum
d. message board
b. listserv
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On January 1, 2018, Global Sales issued $25,000 in bonds for $29,800. These are eight-year bonds with a stated rate of 15% and pay semiannual interest. Global Sales uses the straight-line method to amortize the bond premium. On June 30, 2018, when Global makes the first payment to bondholders, what is the amount that will be reported as Interest Expense? (Round your intermediate answers to the nearest dollar.)
A) $1575 B) $1875 C) $3225 D) $1225
Merchandise inventory becomes part of cost of goods sold when a company
a. receives payment from the customer. b. pays for the inventory. c. purchases the inventory. d. sells the inventory.
Static budgets are prepared on quarterly basis and require frequent change during the annual budget period
Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false._____ a) Most companies expect to receive the full face value of their receivables._____ b) The estimated amount of uncollectible accounts is called the net realizable value._____ c) The direct write-off method of accounting for uncollectible accounts does not require the computation of the net realizable value of accounts receivable._____ d) The practice of reporting the net realizable value of receivables is the result of using the allowance method of accounting for uncollectible accounts._____ e) The materiality principle requires the computation of net realizable value for a company's liabilities.
What will be an ideal response?