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Unformatted text preview: &magicnumber=25&category1=Chapter 11&category2=Chapter 12&category3=Chapter 13&category4=Chapter 14&category5=Random Chapter &question1=What are obligations in written form that are usually require the borrower to pay interest?&question2=If bonds were issued at a premium, then the contractual interest rate was..... (blank).....than the market interest rate. &question3=True or False The relationship between current liabilities and current assets is not important in evaluating a company's ability to pay off its long-term debt.&question4=True or False Unearned revenues should be classified as Other Revenues and Gains on the Income Statement?&question5=True or False During the month a company sells goods for a total of $108,000, which includes sale taxes of $8,000; therefore the company should recognize $100,000 in Sales Revenues and $8,000 in Sales Tax Expense&question6=True or False A corporation is not an entity which is separate and distinct from its owners.&question7=True or False A proxy is a legal document that instructs a stockholder's agent how to vote shares of stock for the stockholder.&question8=True or False for the stockholder....
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- Spring '08