Nancy finances a hot tub for $5,700 by taking out an installment loan for 60 months. The payments were $161.50 per month and the total finance charge was $3,990. After 24 months, Nancy decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount

Long Company owns a 2% investment in the common stock of Smith Company. The receipt of a cash dividend from Smith will have no effect on Long's total equity

Indicate whether the statement is true or false

The difference between the market price and the preset strike price of an option at the grant date.

(a) equity method (b) reclassification adjustment (c) designation (d) intrinsic value