With an interest-bearing note , the amount of assets received upon issuance of the note is generally Question 8
The interest charged on a $ 70,000 note payable , at the rate of 6 %, on a 90-day note would be Question 9
On January 1 , 2014 , Keisler Company , a calendar-year company , issued $ 700,000 of notes payable , of which $ 175,000 is due on January 1 for each of the next four years . The proper balance sheet presentation on December 31 , 2014 , is Question 10
Norlan Company does not ring up sales taxes separately on the cash register . Total receipts for October amounted to $ 29,400 . If the sales tax rate is 5 %, what amount must be remitted to the state for October ' s sales taxes ? Question 11
Stockholders of a company may be reluctant to finance expansion through issuing more equity because Question 12
Which of the following is not an advantage of issuing bonds instead of common stock ? Question 13
When authorizing bonds to be issued , the board of directors does not specify the Question 14
If the market rate of interest is 10 %, a $ 10,000 , 12 %, 10-year bond that pays interest annually would sell at an amount Question 15