Explain the right of subrogation of a surety
When a guarantor or a surety pays the debt of a principal, the law automatically assigns the claim of the creditor to the guarantor or surety. The payment also entitles the guarantor or surety to all. This right of subrogation does not arise until the creditor has been paid in full, but it does arise if the surety or the guarantor has paid a part of the debt, and the principal has paid the remainder property, liens, or securities that were held by the creditor to secure the payment of the debt.
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Which of the following indicates that the cost of shipping will be paid by the buyer?
a. COD; b. FOB shipping point; c. FOB destination; d. n/30 . e. none of these.
The analyses and flow of accounting data inside a company need not depend on the double-entry format
Indicate whether the statement is true or false
On January 1, 20X8, Pullman Company acquired 30 percent of Skate Company's common stock, at underlying book value of $100,000. Skate has 100,000 shares of $2 par value, 5 percent cumulative preferred stock outstanding. No dividends are in arrears. Skate reported net income of $150,000 for 20X8 and paid total dividends of $72,000. Pullman uses the equity method to account for this investment.Based on the preceding information, what amount would Pullman Company receive as dividends from Skate for the year?
A. $18,600 B. $21,600 C. $54,000 D. $62,000
What are two main parts of our self-concept?
a. Self-esteem and Self-concept b. Self-esteem and Self-efficacy c. Self-efficacy and Self-awareness d. Self-efficacy and Self-concept