An attitude is a physiological difference among consumers.
Answer the following statement true (T) or false (F)
False
An attitude is a learned tendency to respond consistently toward a given object.
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Which of the following terms is not a common alternative for the term "property, plant, and equipment?"
A) fixed assets B) operational assets C) plant assets D) capital investments
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 straight-line amortization is: (Rounded to the nearest dollar.)
A. Debit Bond Interest Expense $21,778; credit Premium on Bonds Payable $1428; credit Cash $20,350. B. Debit Bond Interest Expense $21,778; credit Discount on Bonds Payable $1428; credit Cash $20,350. C. Debit Bond Interest Expense $18,922; debit Discount on Bonds Payable $1428; credit Cash $20,350. D. Debit Bond Interest Expense $18,922; debit Premium on Bonds Payable $1428; credit Cash $20,350. E. Debit Interest Payable $20,350; credit Cash $20,350.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $108,000. The machine's useful life is estimated to be 4 years, or 140,000 units of product, with a $2000 salvage value. During its second year, the machine produces 28,000 units of product. Determine the machines' second year depreciation under the straight-line method.
A. $26,500. B. $27,000. C. $21,200. D. $27,500. E. $21,600.
The primary purpose of the trial balance is to test the
a. recording of transactions. b. analysis of transactions. c. equality of debit and credit balances in the ledger. d. equality of debit and credit entries in the journal.