On January 1, 2016, Snow, Inc issued $50,000 of ten-year 6% bonds for $43,800. Interest was payable semiannually. The effective yield was 8%. The effective interest method of discount amortization was used. What amount of interest expense should be recorded for the six-month period ending December 31, 2016?
A) $1500.
B) $1,752
C) $2,000
D) $1,762
D
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Because of time delays between receiving inventory and making the journal entry
a. liabilities are usually understated b. liabilities are usually overstated c. liabilities are usually correctly stated d. none of the above
Which of the following would be included in the "cash flow from operating activities" section of the statement of cash flows?
A. Payments of cash dividends to the owners of the business. B. Purchase of land for cash. C. Accrual of salary expense at year-end. D. Cash paid for interest on a note payable.
Sales messages are most effective if they follow the AIDA strategy. What are the four parts of the AIDA strategy?
A) Audience, investigate, develop, analysis B) Aggressive, ?indirect, direct, assertive C) Analyze, interpret, define, adapt D) ?Attention, interest, desire, action
A thorough cross-cultural analysis involves an understanding of and an appreciation of all of the following EXCEPT:
A. customs. B. symbols. C. values. D. languages. E. economics.