The United Nations is
A. a formal institution with strict regulations.
B. an organization established to ensure dominance of the superpowers.
C. a forum for the promotion of peace and global stability.
D. a critical member of the WTO.
Answer: C
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Sinking funds are devices used to force companies to retire bonds on a scheduled basis prior to their maturity. Many bond indentures allow the company to acquire bonds for a sinking fund by either purchasing bonds in the market or selecting the bonds to be acquired by a lottery administered by the trustee through a call at face value.
Answer the following statement true (T) or false (F)
On January 1, 2018, Sanderson Company acquired a machine for $1,070,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $87,000. What is the book value of the machine at the end of 2019 if the company uses the straight-line method of depreciation?
A) $642,000 B) $676,800 C) $589,800 D) $641,996
The Big Five Model of personality includes ________.
A. intuition B. judgment C. perception D. extraversion
The faster goods are sold and collection is made, the shorter the financing period
Indicate whether the statement is true or false