If bonds with a face value of $204,000 are issued at par, the amount of cash proceeds is ________
A) $203,890
B) $204,000
C) $224,400
D) $244,800
B
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The operating cycle
a. measures the time elapsed between cash disbursement for inventory and cash collection of the sales price. b. refers to the seasonal variations experienced by business enterprises. c. should be used to classify assets and liabilities as current if it is less than one year. d. cannot exceed one year.
If bonds were initially issued at a discount, the interest expense on the bonds calculated using the effective interest method will:
A) decrease as the bonds approach their maturity date. B) increase as the bonds approach their maturity date. C) remain constant throughout the bonds' life. D) fluctuate throughout the bonds' life.
Which of the following is an example of a hard skill?
A) Working well as part of a team B) Knowing how to prepare financial statements C) Listening actively D) ?Exhibiting proper business etiquette
Explain what is meant by style and briefly describe some elements of style