On June 1, Edison, Inc. borrowed $24,000 on a one-year Note Payable with an interest rate of 10% per year. It will repay the principal and interest at the end of the one-year period. The company makes accrual adjustments at the end of each month
The company should record interest expense of $2,400 on June 30.
Indicate whether the statement is true or false
FALSE .Interest Expense = ($24,000 x 10%) / 12 = $200
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Which of the following is true about survey research?
A) It involves sending observers to watch and interact with consumers in their natural environments. B) It is best suited for gathering causal information. C) It involves selecting matched groups of subjects, giving them different treatments, controlling related factors, and checking for differences in group responses. D) The level of flexibility in survey research is lower than most other research methodologies. E) Survey research is the most widely used method for primary data collection.