Which of the following is checkable deposits?
A) Savings accounts
B) Small-denomination time deposits
C) Money market deposit accounts
D) Certificates of deposit
C
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In 2016, Aspinwall Company issued $200,000 of bonds for $175,000 . If the face rate of interest was 9% and the effective rate of interest was 7.99%, how would Aspinwall calculate the interest expense for the first year on the bonds using the effective interest method?
a. $175,000 × 7.99% b. $175,000 × 9% c. $10,000 × 7.99% d. $10,000 × 9%
Jennifer's company starts off every day with a casual meeting where any employee can talk about issues or concerns regarding the department. Jennifer's company is using
a. formal presentation. b. huddles. c. impromptu presentation. d. active agreement.
Audit objectives for the database management system include all of the following except
a. verifying that the security group monitors and reports on fault tolerance violations b. confirming that backup procedures are adequate c. ensuring that authorized users access only those files they need to perform their duties d. verifying that unauthorized users cannot access data files
Which of the following is an example of an investing activity?
a. Purchasing a building b. Obtaining a bank loan c. Paying taxes to the government d. Producing goods and services