A term loan is usually characterized by
A) a maturity of one to seven years.
B) a variable interest rate.
C) monthly or quarterly installment payments.
D) all of these options are true.
D) all of these options are true.
You might also like to view...
Which of the following statements is true of a laboratory experiment?
A) It takes place in a realistic environment. B) It has low internal validity. C) The experimenter cannot control the environment easily. D) It has low external validity.
Which of the following observations is true of the discrete view of interim reporting?
A. One interim period would not bear the entire expense that benefits more than one interim period. B. An interim period is viewed as an installment of an annual period. C. Recognition and adjustment of certain income or expense items may be affected by judgments about the expected results of the entire year's operations. D. Each interim period is considered as a basic accounting period to be evaluated as if it were an annual accounting period.
_____ refers to an organization's ability to address current business needs and to have the agility and strategic management to prepare successfully for the future, and to prepare for real-time or short-term emergencies
a. Conformance b. Sustainability c. Standardization d. Process variance
A business combination involves a contingent consideration. It is considered 70% probable that a payment of $500,000 will become payable three years after the acquisition date. Using a 7% discount rate, how much interest expense should be recorded on the liability for the first year after acquisition?
A) $19,999 B) $28,570 C) $35,000 D) $24,500