The effective-interest amortization method allocates an amount of bond discount or premium, based on the stated rate of interest, to each interest period over the life of the bond
Indicate whether the statement is true or false
FALSE
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Roman Industries' plant operates five days per week with a daily payroll of $6,000 . Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31 . What is the amount of Wages Expense recorded on the next payday, Saturday, April 3?
a. $ -0- b. $ 30,000 c. $ 12,000 d. $ 18,000
Pricing is less complex in services than it is in manufacturing
Indicate whether the statement is true or false
Whereas MICR forms are primarily restricted to use in banking, OCR forms are used for a variety of purposes
Indicate whether the statement is true or false.
To add the greatest value to a firm, mutually exclusive projects that differ in scale or timing should be evaluated using the _____.
A. payback period method B. internal rate of return (IRR) method C. modified internal rate of return method (MIRR) D. net present value (NPV) method E. discounted payback period method