Which of the following is true of a premium on bonds payable?
a. It is a contra-stockholders' equity account.
b. It is an account that appears only on the books of the investor.
c. It increases when amortization entries are made until it reaches its maturity value.
d. It decreases when amortization entries are made until its balance reaches zero at the maturity date.
D
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The purchase of treasury stock will result in
A) no net changes in assets, liabilities, or stockholders' equity. B) a decrease in assets and a decrease in stockholders' equity. C) a decrease in one asset account and an increase in a different asset account. D) a decrease in assets and a decrease in liabilities.
The notes receivable account of a business should include both the notes that have not yet matured and the dishonored notes.
Answer the following statement true (T) or false (F)
Which of the following describes a company hiring a foreign firm to produce a designated volume of its product to specification?
A. Licensing B. Contract manufacturing C. Exporting D. Importing E. Direct investment
A marketing plan should include
A. identifying a potential market. B. developing promotions. C. establishing a pricing policy. D. all of these.