Entitlement theory says that everyone has rights but it is up to the government to protect those rights
Indicate whether the statement is true or false
True
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On January 2, 2015, Wynn Corporation sold $750,000 of bonds for $745,000 . The bonds will mature in 10 years and pay interest annually on December 31 . Wynn properly recorded the payment of interest and amortization of the discount using the effective
interest method. Which of the following statements is true about the carrying value of the bonds and/or the unamortized discount at the end of 2015? a. The carrying value will be less than $745,000. b. The carrying value will be $745,000. c. The carrying value will be greater than $745,000. d. The unamortized premium will be less than $5,000.
Which of the following elements listed is one of the three basic elements of the fraud motivation triangle?
a. Concealment b. Theft Act c. Opportunity d. Conversion
The term diversity management originated in ______________, but has slowly taken hold in other regions and countries of the world.
a. Europe b. North America c. Africa d. South America
In a consignment, the seller is also known as the consignor
Indicate whether the statement is true or false