The person who issues the insurance policy and serves as guarantor is known as the owner
Indicate whether the statement is true or false
False
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On January 1, Gemstone Company obtained a $165,000, 10-year, 7% installment note from Guarantee Bank. Thenote requires annual payments of $23,492, with the first payment occurring on the last day of the fiscal year. Thefirst payment consists of interest of $11,550 and principal repayment of $11,942 . The journal entry to record theissuance of the installment note for cash on January 1 would
include a a. debit to interest expense for $11,550 b. credit to interest payable for $11,550 c. credit to notes payable for $165,000 d. debit to notes payable for $165,000
Negligence is an intentional breach of duty that may or may not result in harm to another.
Answer the following statement true (T) or false (F)
Parents must provide for necessaries for:
A) their minor children. B) their minor step-children. C) their adult children. D) their minor children but only if the children attend public school.
Boncidio Inc., a cell phone manufacturer, introduced a new cell phone model. 85 percent of this phone is made from biodegradable materials. This product attracts customers who give importance to using environment-friendly products in their daily lives. In the context of social responsibility and technology, Boncidio best illustrates _____.
A. global marketing environment B. cognitive dissonance C. green marketing D. behavioral segmentation