A company issues $50,000 in bonds to generate money for expanding its business. This money is an example of a(n) ________
A) short-term liability
B) long-term liability
C) owners' equity
D) accrued expense
E) payable account
Answer: B
Explanation: Long-term liabilities are obligations that fall due more than a year from the date of the balance sheet. Long-term liabilities include loans, leases, and bonds.
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The ____________________ is the difference between the face value and the price of a bond when the current market interest rate is less than the stated rate of that bond
Fill in the blank(s) with correct word
Match the following definitions and terms.
A. Compound journal entry B. Unearned revenues C. T-account D. Chart of accounts E. Posting reference column F. General journal G. Trial Balance H. Posting I. Note receivable J. Account
What does the variable overhead cost variance measure?
What will be an ideal response
The North American Industry Classification System (NAICS) permits a firm to
A. conduct an industry-wide SWOT analysis to determine internal strengths and weaknesses and external opportunities and threats of current and prospective competitors. B. engage in benchmarking with companies manufacturing and/or marketing similar products. C. find the NAICS codes of its present customers and then obtain NAICS-coded lists for similar firms. D. learn the names of the purchasing agents of all prospective customers. E. sell to any company within North America as long as it is not a monopoly.