A warrant holder is not entitled to vote, but he or she does receive any cash dividends paid on the underlying stock.
Answer the following statement true (T) or false (F)
False
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Barnes Company purchased $50,000 of 8% bonds at par. The bonds mature in six years and are a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment?
A. debit Cash, $4,000; credit Unrealized Gain-Equity, $4,000. B. debit Cash, $4,000; credit Debt Investments?HTM, $4,000. C. debt Cash, $2,000; credit Debt Investments?HTM, $2,000. D. debit Unrealized Gain-Equity, $2,000; credit Cash, $2,000. E. debit Cash, $2,000; credit Interest Revenue, $2,000.
Paul, acting without authority, makes a contract with Ed, supposedly on behalf of Shawna. Shawna may ratify the contract, even if Ed loses contractual capacity before she ratifies the contract
a. True b. False Indicate whether the statement is true or false
The primary focus of financial statement audits is the discovery of fraud.
Answer the following statement true (T) or false (F)
Aflac had to modify the commercials using its iconic duck character after several research studies showed that many consumers were not exactly sure what Aflac insurance was. Consumers indicated that the advertising didn't explain what supplemental insurance is and what Aflac does. Which basic criteria for evaluating creative approaches was not met?
A. Is the ad truthful and tasteful? B. Is the creative approach consistent with that used by the competition? C. Does the creative approach use a dramatic execution style? D. Is the creative approach consistent with the brand's marketing and advertising objectives? E. Does the creative execution keep from overwhelming the message?