If any cash is left in the sinking fund after bonds are redeemed, the following journal entry is prepared:
a. debit Cash and credit Sinking Fund Earnings.
b. debit Cash and credit Bond Sinking Fund.
c. debit Cash and credit Bonds Payable.
d. debit Cash and credit Interest Expense.
e. debit Bond Sinking Fund and credit Sinking Fund Earnings.
b
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In general, SFAS No. 116 directs that contributions received by not-for-profit organizations are recognized as revenues in the period received at their fair value
Indicate whether the statement is true or false
Comparisons can be virtually any length
a. true b. false
On a cost-volume-profit graph, the break-even point is where
A) the revenue line intersects the profit line B) the revenue line intersects the total cost line C) the fixed cost line intersects the variable cost line D) the contribution margin line intersects the fixed cost line E) all of these
Job openings in the hidden job market are primarily filled through:
A. word-of-mouth contacts. B. newspaper advertisements. C. journal announcements. D. television advertisements.