If a bond has a face interest rate of 6 percent, a face value of $20,000, and pays interest semi-annually, each interest payment will amount to $1,200
Indicate whether the statement is true or false
F
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A private, not-for-profit hospital expended $35,000 of net assets with donor restrictions to acquire equipment. What account should be debited in the hospital's plant replacement and expansion fund as a result of the acquisition of the equipment?
A. Fund balance Released-Plant Acquisition. B. Net Assets Released-Plant Acquisition. C. Contribution Revenue Released-Plant Acquisition. D. Equipment.
Sara constructs a small storage shed for resale to customers and incurs the following costs: $3,000 Direct labor1,500 Direct materials700 Other direct costs300 Allocated indirect costs a.What is Sara's basis in this storage shed?b.Sara normally sells the storage sheds for $7,000 each. John, one of the workers who builds the storage sheds, buys one for $5,000. What is John's basis in his storage shed?
What will be an ideal response?
Rest Well Hotel orally ordered 1,000 blankets monogrammed with its initials from TriColor Textiles. TriColor had just finished monograming the blankets when Rest Well called and cancelled the order. TriCOlor will be able to enforce the agreement even though there was no writing.
a. true b. false
Firms will use short-term loans to support working capital. Which of the following is not a source of short-term funding?
A) Unsecured bank loans B) Commercial paper C) Accounts payable D) Accounts receivable