This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the terms specified on an invoice are 2/10, n/30, this means that a discount of 2 will be allowed ... (Read 306 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jul 5, 2018
If the terms specified on an invoice are 2/10, n/30, this means that a discount of 2 will be allowed if payment is made within 30 days from the date of the invoice.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

On NOVEMBER 30, 2011, Just in Thyme, Inc issued 10,000 of 20-year, 9 bonds at 100. The bonds pay interest SEMIANNUALLY on May 31 and November 30.
 
  On its income statement for the year ended DECEMBER 31, 2011, the year the bonds were issued, Just in Thyme will show Interest expense of ________.
  A) 0
  B) 900
  C) 450
  D) 75


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

D


mcmcdaniel

  • Member
  • Posts: 550
Reply 2 on: Jul 5, 2018
Excellent

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Anterior and lateral views of the body illustrating directional terms. Anterior and lateral views of the body illustrating directional terms.
Rules for Forming Plurals Medical Terms (NOUNS) Rules for Forming Plurals Medical Terms (NOUNS)
Frequently Used Computer Terms Frequently Used Computer Terms
Common Combining Terms Common Combining Terms
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
expiremntal psychology and its terms expiremntal psychology and its terms
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library