A note receivable due in 3 years is listed on the balance sheet under the caption ________
a. Stockholders' equity
b. Investments
c. Current assets
d. Plant assets
b
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The greater the number of compounding periods within a year, then (1) the greater the future value of a lump sum investment at Time 0 and (2) the greater the present value of a given lump sum to be received at some future date.
Answer the following statement true (T) or false (F)
Which of the following lease conditions would result in a capital lease to the lessee?
a. The lessee will return the property to the lessor at the end of the lease term. b. The lessee can purchase the property for $1 at the end of the lease term. c. The fair market value of the property at the inception of the lease is $18,000; the present value of the minimum lease payments is $15,977. d. The lease term is 70% of the property's economic life.
Although they abound in other areas, codes of ethical behavior have yet to be proposed in the marketing research industry
Indicate whether the statement is true or false
Which of the following is an advantage of activity–based costing systems over volume–based cost systems?
a. Activity based costing provides more accurate cost information than volume–based cost systems. b. Activity based costing is cheaper to implement than volume–based cost systems. c. Activity based costing provides allocates more than their fair share of overhead costs to low–volume products than volume–based cost systems. d. Activity based costing is easier to implement in companies that have relatively higher proportions of non–unit–level costs.