According to the FASB conceptual framework, the concept of "earnings"
a. includes changes in market values of investments in marketable securities classified as available-for-sale.
b. includes foreign currency translation adjustments.
c. includes gains and losses resulting from the sale of a productive asset to another party in an arm's-length transaction.
d. is the same as comprehensive income.
C
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A bond issue of $100,000 selling at 98, would require a journal entry including a
a. debit to Bonds Payable for $98,000. b. credit to Cash for $98,000. c. credit to Premium of Bonds Payable for $2,000. d. debit to Discount on Bonds Payable for $2,000.
In a classic linear approach to new-product development, various development phases may overlap
Indicate whether the statement is true or false
Market segmentation can be best described as the process of ________
A) assigning specific human attributes to a given brand B) dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors, and who might require separate products or marketing programs C) evaluating each market segment's attractiveness and selecting one or more segments to enter D) turning marketing plans into marketing actions to accomplish strategic marketing objectives E) maintaining a strategic fit between organizational goals and changing marketing opportunities
On October 1, Year 1, Hartford Company issued a $20,000 face value discount note. The note had a 6% discount rate and a one-year term to maturity. Which of the following would be included in the adjusting entry, dated December 31, Year 1, to recognize interest accrued since the issuance date?
A. A credit to Interest Payable for $300 B. A debit to Interest Expense for $300 C. A debit to Discount on Notes Payable of $300 D. none of these answer choices are correct.