Innovate Company borrowed on a one-year, 10%, $150,000 note on May 1, 2015 with interest and principal to be paid at maturity. How much interest should Innovate Company report on its income statement for the year ending December 31, 2016?
a. $ 10,000
b. $ 15,000
c. $ 30,000
d. $ 5,000
d
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The allure of the Latin American market has been its:
A) lack of inflation. B) considerable size. C) rapid economic growth. D) low foreign debt. E) protectionism.
In addition to the differential costs in an equipment replacement decision, the remaining useful life of the old equipment and the estimated life of the new equipment are important considerations
Indicate whether the statement is true or false
In a bad-news message, placing the refusal in the first sentence can be justified if the message:?
A) ?addresses a significant matter. B) ?is intended to demonstrate the sender's authority. C) ?is a response to legal and ethical requests. D) ?contains constructive criticism.
Which of the following is a variable cost?
A) property taxes B) salary of plant manager C) direct materials cost D) straight-line depreciation expense