In general, with an amortized loan, the payment amount remains constant over the life of the loan, both the principal portion of and the interest portion declines over the life of the loan
Indicate whether the statement is true or false
FALSE
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In which of the following forms of countertrade do buyers and sellers directly exchange goods, with no money and no third party is involved?
A) buyback arrangements B) offsets C) barter D) sealed bids E) compensation deals
The term "global village" most closely refers to small communities in underdeveloped countries
Indicate whether the statement is true or false
A major criticism of utilitarianism as an ethical theory is that:
a. it is rigid. b. in some important instances it ignores justice. c. it results in the judgment that a person's actions are always moral for that person and therefore exempt from punishment. d. it is excessively formal.
Weston Company had the following long-term equity securities in its portfolio at December 31, Year 1. Weston had several long-term investment transactions during the next year. After analyzing the effects of each transaction, (1) determine the amount Weston should report on its December 31, Year 1 balance sheet for its long-term investments in available-for-sale securities, (2) determine the amount Weston should report on its December 31, Year 2 balance sheet for its long-term investments in equity securities, (3) prepare the necessary adjusting entry to record the fair value adjustment at December 31, Year 2.Equity Securities (LT)CostFairValue40,000 shares of Beach common stock$ 497,500$ 488,90015,000 shares of Danfield common stock410,200412,60018,000 shares of Cardinal common
stock399,600425,8???Jan. 22Sold 9,000 shares of Cardinal common stock for $203,000 less a brokerage fee of $850.Mar. 17Purchased 30,000 shares of Apex common stock for $995,000 plus a brokerage fee of $2,500. The shares represent a 30% ownership in Apex.Jun. 10Purchased 108,000 shares of Desert Springs common stock for $1,525,000 plus a brokerage fee of $4,200. The shares represent a 54% ownership in Desert Springs.Nov. 01Purchased 12,000 shares of Cliff common stock for $223,500 plus a brokerage fee of $450. The shares represent a 10% ownership.Dec. 31At December 31, Year 2, the fair values of its investments are: Beach, $502,500; Danfield, $411,800; Cardinal, $203,100; Apex, $1,113,250; Desert Springs, $1,576,000; Cliff, $239,050. What will be an ideal response?