On September 1 . 2012 . Star Corp issued a note payable to Federal Bank in the amount of $450,000 . The note had an interest rate of 1 . percent and called for three equal annual principal payments of $150,000 . The first payment for interest and principal was made on September 1 . 2013 . At December 31 . 2013 . Star should record accrued interest payable of
a. $11,000.
b. $12,000.
c. $16,500.
d. $18,000.
B
Business
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Which is nota determinate in calculating federal income taxes withheld from an individual's pay?
a. filing status b. types of earnings c. gross pay d. number of exemptions
Business
An independent auditor finds that the Simmer Corporation occupies office space, at no charge, in an office building owned by a shareholder. This finding indicates the existence of:
A. Management fraud. B. Related party transactions. C. Window dressing. D. Weak internal control.
Business