A short-term investment in a U.S. Treasury bill costs $24,200 and will mature in six months at $25,000. Management intends to hold the investment until it matures. The entry to record receipt of cash at maturity is: (No prior entries were made to recognize revenue.)
A) Cash 25,000 Short-Term Investments 24,200Interest Income 800
B) Cash 25,000 Short-Term Investments 25,000
C) Cash 24,200 Short-Term Investments 24,200
D) Cash 25,000 Short-Term Investments 24,200Gain on Sale of Investments 800
A
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Which of the following statements is true?
A. Both realized and implicit capital gains are taxed. B. Realized capital gains are taxed, while implicit capital gains are not taxed. C. Implicit capital gains are taxed, while realized capital gains are not taxed. D. Neither realized capital gains, nor implicit capital gains are taxed.
What are the various steps a company can take to improve the quality of its marketing intelligence function?
What will be an ideal response?
The Occupational Safety and Health Administration promulgated a rule requiring warehouse employees to wear hardhats when in the vicinity of an operating forklift. The purpose of the hardhats is to protect employees from danger of falling objects. This rule is A) an executive order
B) a statute. C) common law. D) administrative law.
You are participating in a pension plan where the company's contributions vary from year to year, depending on the firm's performance. This is an example of a(n)
A) variable contribution plan. B) earnings establishment plan. C) performance retirement plan. D) profit-sharing plan. E) none of the above.