Bonds payable is reported as a long-term liability on a corporarions balance sheet

Ollie Company experienced the following events during its first-year operations: 1. Acquired $72,000 cash from the issue of common stock. 2. Borrowed $26,000 from the First City Bank. 3. Earned $59,000 of cash revenue. 4.

Overhead costs include: A. Direct and indirect costs. B. Indirect costs only. C. Direct costs only. D. Neither direct nor indirect costs.

controls ensure that valuable business data files on either disk or tape are not subject to unauthorized access, change, or destruction while they are in use or in storage.

Assume a new investment project is expected to generate $1,000 and $1,000 in free cash flows for two years (2021 (first year) and 2022 (Second year)), respectively. The forecasted annual inflation is 2 % a year.

True or false: A job interview by telephone could take as long as an hour, but most Skype interviews are much shorter.?

A broker lists a property for $87,500 at 7% commission on the first $50,000 and 5% on the balance. The property sells for 4% less than asking price. What commission was earned?

A primary market would be utilized when: O investors buy or sell existing securities. O securities are initially issued. O shares of common stock are exchanged O a commission must be paid on the transaction.

Basic earnings per share is computed using:A. The actual number of common shares outstanding at the end of the year. B. A weighted-average of preferred and common shares. C. The number of common shares outstanding plus common stock equivalents. D.

For a competitive market, a:. a seller can always increase her profit by raising the price of her product. b. if a seller charges more than the going price, buyers will go elsewhere to make their purchases. c.

A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. in recording the check, the company should