A $200,000 bond issue with a carrying value of $194,000 is called at 101 and retired. The entry to record the retirement of bonds is:
A) Bonds Payable 200,000 Gain on Retirementof Bonds 6,000Cash 194,000
B) Bonds Payable 200,000 Cash 200,000
C) Bonds Payable 200,000 Loss on Retirementof Bonds 8,000Unamortized BondDiscount 6,000Cash 202,000
D) Bonds Payable 194,000 Loss on Retirementof Bonds 8,000Cash 202,000
C
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A ________ is a summary description of a characteristic or measure of the sample
A) statistic B) confidence interval C) sampling distribution D) confidence level E) summary judgment
The physical count of inventory is used to adjust the Inventory account balance to the actual inventory available.
Answer the following statement true (T) or false (F)
Which of the following is the objective of selective distribution?
A) attaining maximum possible control over the brand's equity B) offering limited product differentiation through a moderate number of outlets C) achieving maximum efficiency through standardization of products D) maximizing sales by making the product available through a great number of outlets
Mutual funds can be used in which of the following tax exempt or tax deferred plans? I. self-directed retirement plans (SEPS) II. traditional IRAs III. Roth IRAs IV. 401-K accounts
A) I, II, and IV only B) I and IV only C) II and III only D) I, II, III and IV