According to Reilly's law of retail gravitation, people in less-populated areas are less willing to drive a longer distance to do their shopping.
Answer the following statement true (T) or false (F)
False
Reilly's law states that the size of a trading area increases as population density decreases. That is, people in less-populated areas will be more willing to drive a longer distance to do their shopping.
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.Under the straight-line amortization method, interest expense on a bond sold at a discount is equal to the
A) interest paid plus bond discount amortization. B) interest rate times the book value of the bonds. C) interest rate times the face value of the bonds. D) interest paid minus bond discount amortization.
When a criminal defendant is before a judge entering a plea of either guilty, not guilty or nolocontendere, that defendant is at:
A) an information. B) a grand jury proceeding. C) an arraignment. D) a booking.
What is NOT a current economic trend?
a) Worldwide movement of capital b) Increased trade in services c) Foreign direct investment to Asia d) Divergence of cultures
Answer the following statements true (T) or false (F)
1. Trading securities are always reported as current assets. 2. Unrealized gains and losses on trading securities are reported on the income statement. 3. Held-to-maturity securities are equity securities a company intends and is able to hold until maturity. 4. Investments in held-to-maturity debt securities are always current assets. 5. Accounting for long-term investments in held-to-maturity securities requires companies to record interest revenue as it is earned.