A corporation is an artificial person created by law.
Answer the following statement true (T) or false (F)
True
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Choi Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study:Activity Data:Processing OrdersPreparing DeliveriesHandling Returns ReviewsMinutes per unit of the activity143032?Cost Object Data:Customer PCustomer QCustomer RNumber of orders processed32243Number of deliveries prepared1499Number of returns handled001?The cost per minute of the resource supplied is $0.40.?On the Customer Cost Analysis report in time-driven activity-based costing, the Preparing Deliveries cost assigned to Customer Q would be closest to:
A. $128.00 B. $108.00 C. $82.67 D. $12.00
The party that has the right to exercise a call option on callable bonds is:
A. The bond trustee. B. The bond issuer. C. The bondholder. D. The bond indenture. E. The bond underwriter.
According to Fligstein and Choo, corporate governance systems arise from:
a. Government choice b. The needs of owners of capital to maximize profit c. Political and historical processes d. Stakeholder activism
On November 1, 2017, Austin Services issued $305,000 of five-year bonds with a stated rate of 12%
The bonds were issued at par, and Austin makes semiannual payments on April 30 and October 31. On December 31, 2017, Austin made an adjusting entry to accrue interest at year-end. No further entries were made until April 30, 2018, when the first payment was made. What amount of interest expense was recorded for the period of January 1 to April 30, 2018? A) $12,200 B) $36,600 C) $18,300 D) $29,280