How is the purchase of long-term investments in bonds accounted for when purchased between interest payment dates?
Investments in bonds are recorded at cost, including the broker's commission. When purchased between interest payment dates, the purchaser must also pay an amount equal to the interest that has accrued since the last payment date. Then, on the next payment date, the purchaser will receive an interest payment for the whole period. The payment for accrued interest should be recorded as a debit to Interest Income, which will be offset by the credit to Interest Income when the semiannual interest is received.
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For the revenue cycle, state two specific independent verifications that should be performed
Which of the following activities would be part of the supply chain of a manufacturer?
a. Shipping b. Customer service c. Parts manufacturing d. Research and development
What is business process management?
A. An international standard that ensures that business processes meet the customers' needs. B. A systematic approach to improving an organization's business processes to align with customers' needs. C. The process of redesigning business processes to align with new technologies and governance requirements. D. Understanding an organization's core competencies and how they underpin customer satisfaction.
In the late 1970s and 1980s, the United States occupied the dominant economic position in the world.
Answer the following statement true (T) or false (F)