A common reason for getting no answer from an international number is that you are faxing a document to an individual's home telephone number

Martin Company signed a $5,000, 3-month, 6% note payable, on December 1, 2004, with the principle plus interest due on March 1, 2005. If the accounting period ends on December 31, which of the following statements is TRUE?

A) On December 31, 2004, Martin will debit Interest Expense for $50 B) On December 31, 2004, Martin will credit Interest Payable for $75 C) On March 1, 2005, Martin will debit Interest Expense for $75 D) On March 1, 2005, Martin will debit Interest Payable for $25 E) On March 1, 2005, Martin will debit Notes Payable for $5,075

With respect to privileged communications of accountants, which of the following is true?

A. A state statutory privilege will be recognized in a case being tried in a federal court involving a federal question. B. Most courts recognize a common law privilege between an accountant and the client. C. As a result of legislative enactment and court adoption, the client-accountant privilege is recognized in the majority of jurisdictions. D. The privilege will be lost if the party asserting the privilege voluntarily submits part of the privileged communications into evidence.