Often cited reasons for using off-balance-sheet financing include that this accounting technique
a. lowers the cost of borrowing and is inexpensive.
b. lowers the cost of borrowing because borrowers already provide the correct information for reporting purposes.
c. lowers the cost of borrowing and avoids violation of debt covenants.
d. simplifies contracts and improves cash flows.
e. simplifies contracts and lowers the cost of borrowing.
C
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Which of the following is TRUE of descriptive research?
A. It is usually the first step when more sophisticated research is needed. B. It uses many different methods including secondary data, surveys, and observation. C. It uses a different, less restrictive and rigorous methodology than exploratory research. D. It primarily involves developing hypotheses for testing in exploratory research. E. It primarily tries to discover the cause and effect between variables.
What is the difference between brainstorming and mind mapping?
A résumé should never exceed one page
Indicate whether the statement is true or false
On January 1, 2017, Zing Services issued $168,000 of six-year, 12% bonds when the market interest rate was 11%
The issue price of the bonds was $177,110. Zing uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? A) $10,627 B) $9,741 C) $10,080 D) $9,240