In a conditional endorsement, no subsequent holder has the right to enforce the payment against a conditional endorser until the condition is met
Indicate whether the statement is true or false
True
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A company issued 7%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 7.5%. The company received $97,947 cash for the bonds. Using the effective interest method, the amount of interest expense for the first semiannual interest period is:
A. $3,673.01. B. $3,705.30. C. $3,500.00. D. $7,346.03. E. $7,000.00.
Answer the following statements true (T) or false (F)
Inventory is carried at the lower of historical cost or replacement cost.
Gannon has prepared an effective and well-thought out electronic presentation on business uses of social networking. As he is setting up for his presentation, the laptop he plans to use with the projector has a hardware failure. What should he do?
a. Expect that his host will provide him with another computer because he cannot complete his presentation without his slides. b. Hand out copies of the slides to the audience and give his talk as he planned, only without the computer. c. Decline to deliver the presentation. d. Reschedule the presentation for a later date.
______ refers to the extent to which members of a culture agree about what is correct behavior, believe they must behave exactly according to cultural norms, and believe they will receive or should give severe criticism for even small deviations from cultural norms.
A. Complexity B. Tightness C. Differing D. Vertical