Religious rules generally are absolute with respect to the behavior of their adherents
Indicate whether the statement is true or false
T
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The ______ ideas of your speech are those ideas that function as support or amplification for your main ideas or subtopics.
a. primary b. main c. subordinate d. secondary
On January 1, a company issues bonds dated January 1 with a par value of $370,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $384,280. The journal entry to record the first interest payment using the effective interest method of amortization is: (Rounded to the nearest dollar.)
A. Debit Bond Interest Expense $18,922.00; debit Premium on Bonds Payable $1428; credit Cash $20,350. B. Debit Bond Interest Expense 21,778; credit Premium on Bonds Payable $1428; credit Cash $20,350. C. Debit Bond Interest Expense $19,214; debit Premium on Bonds Payable $1136; credit Cash $20,350. D. Debit Interest Payable $20,350; credit Cash $20,350. E. Debit Bond Interest Expense $19,214; debit Discount on Bonds Payable $1136; credit Cash $20,350.
On January 1 . 2014, Marco Hospital issued a $250,000, 1 . percent, 5-year bond for $231,601 . Interest is payable on June 30 and December 31 . Marco uses the effective-interest method to amortize all premiums and discounts. Assuming an effective interest rate of 1 . percent, approximately how much discount will be amortized on December 31 . 2014?
a. $2,230 b. $1,480 c. $1,396 d. $987
What is the first step in preparing pro forma financial statements?
a. Project operating revenues. b. Project operating expenses other than the cost of financing and income taxes. c. Project the assets required to support the level of projected operating activity. d. Project the financing (liabilities and contributed capital) required to fund the level of assets. e. Project the cost of financing the debt, income tax expense, net income, dividends, and the change in retained earnings.