When a debtor no longer has an obligation to pay a debt, that debt has been
A. terminated.
B. revoked.
C. completed.
D. discharged.
Answer: D
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The strategy to use joint ventures has several advantages which do not include:
A) risk sharing. B) reduced financial risk. C) reward sharing. D) achieve synergy. E) the only way to enter a country or region.
During the year, Samuels Company reported net income of $300,000, including amortization of intangible assets of $66,000, depreciation of plant assets of $132,000, and amortization of premium on investment in bonds of $20,000 . Applying the indirect method, cash provided by operating activities is what amount?
a. $300,000 b. $518,000 c. $478,000 d. $498,000
Airflow Company sells a product in a competitive marketplace. Market analysis indicates that their product would probably sell at $28 per unit. Airflow management desires a profit equal to a 20% rate of return on invested assets of $1,400,000. They anticipate selling 70,000 units. Their current full cost per unit for the product is $25 per unit. What is the amount of profit per unit?
A) $1 B) $2 C) $4 D) $8
Bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods are known as:
A. Callable bonds. B. Bearer bonds. C. Sinking fund bonds. D. Registered bonds. E. Serial bonds.