There are two ways, conceptually, that can be used to account for convertible debt. However, only one of them is acceptable under GAAP.Required:Identify the two methods that could be used to record convertible debt and indicate which one is acceptable under GAAP.
What will be an ideal response?
The two methods that could be used to record the issuance of convertible debt are these: (1) allocate part of the proceeds to the conversion privilege and treat it as additional paid-in capital, or (2) treat the entire issue as solely debt. Current GAAP requires companies to treat the proceeds from the issuance of convertible debt solely as debt.
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Which of the following is an example of a nontariff trade barrier?
A) a sales tax B) customs duty C) a host-country regulation D) excise duty E) an import quota
Answer the following statements true (T) or false (F)
1. “The Gospel of Wealth” was written by John D. Rockefeller. 2. Giving intended to meet current individual human needs is referred to as charity. 3. A nonprofit classified as 501(c)(3) cannot support candidates for public office. 4. The first person to establish a distinction between charity and philanthropy was Warren Buffet. 5. Increased government spending on social programs in the 1960s began with President Lyndon B. Johnson.
List some red flags to look for when choosing an insurer.
What will be an ideal response?
Nadia always completed her work ahead of schedule. She was known as a fast and accurate worker. When group incentives were initiated, the rest of her work team could not keep pace with Nadia. Many members of the team told Nadia to stop making them look bad. Eventually, Nadia matched her work pace to the rest of the team. This illustrates which disadvantage of group incentives?
A. Social loafing may occur. B. Individual output may be discounted. C. Outstanding performers may slacken efforts. D. Group infighting may arise.