A debit entry increases assets, decreases liabilities, or decreases stockholders' equity
a. True
b. False
Indicate whether the statement is true or false
True
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Titles of company or corporation executives as well as titles of lesser federal and state officials are sometimes capitalized. Such capitalization is unnecessary, but you should ________________
a. consult a dictionary b. assume capitalization c. follow company or agency standards d. do as you deem best
On January 1 of Year 1, Congo Express Airways issued $2,700,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $2,466,558 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized using the straight-line method at a rate of $7781 every six months. The life of these bonds is:
A. 30 years. B. 35 years. C. 26.5 years. D. 32 years E. 15 years.
If a person, operating a business as a sole proprietor, owes money to business creditors, those
creditors may collect only from the assets of the business itself. Indicate whether the statement is true or false
The reserved quantity will be affected by the difference in margin between the spot market and the bulk sale, but not the distribution of demand from the spot market
Indicate whether the statement is true or false.