In June 2016, Goslyn Corporation issued a three-year non-interest-bearing note with a face value of $15,000 and received cash of $11,025.00 in exchange. The difference between the face value and the cash proceeds is accounted for as
A) a premium and amortized over three years by the effective interest method.
B) interest expense in the current year.
C) a discount and amortized over three years by the effective interest method.
D) a discount and amortized over three years by the straight-line method.
C
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A ____________________ (first-, second-, third-) tier distribution is one that the trust agreement requires to be made by the trustee to the income beneficiary.
Fill in the blank(s) with the appropriate word(s).
According to Kohlberg’s stages of moral development, people at the _____ make decisions that conform to societal expectations.
a. preconventional level b. conventional level c. postconventional level d. anticonventional level
In the EOQ model, if neither shortages nor quantity discounts are allowed, then the total annual cost expression can be simplified to the ______.
A. product of total annual ordering cost and total annual holding cost B. sum of total annual ordering cost and total annual holding cost C. difference between total annual ordering cost and total annual holding cost D. ratio of total annual ordering cost to total annual holding cost
Vertical white spaces that separate columns of text are called
A) Rows. B) Gutters. C) Dividers. D) None of the above.