A coupon rate of 6% means that the bond will pay $60 interest every 6 months if interest is paid semi-annually
Indicate whether the statement is true or false.
Answer: FALSE
Business
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A machine that was purchased for $120,000 has accumulated depreciation of $90,000. The business exchanges the machine for a new one. The new machine has a market value of $130,000, and the business pays $120,000 cash. Assume the exchange has commercial substance. This exchange results in a ________.
A) gain of $20,000 B) gain of $10,000 C) loss of $20,000 D) loss of $30,000
Business
Each of the following dictates what functionality a Webstore should have and how a Web site should be developed except the
A) budget. B) product line. C) business type. D) competition.
Business