Sandia Corporation issued $2,000,00 . worth of callable bonds paying 7% interest. The maturity date for the bonds was in 10 years. A year later, interest rates fell to 5%. The bonds were called and new bonds were sold at the 5% rate. How much did Sandia Corporation save by calling the bonds?

In 2013, total digital ad spending surpassed TV advertising for the first time

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When a company receives a cash dividend from a short-term available-for-sale security, the journal entry is:

A) debit to Investment in Available-for-Sale Securities and credit Cash. B) debit to Cash and credit to Dividend Revenue. C) debit to Dividend Revenue and credit to Cash. D) debit to Cash and credit to Investment in Available-for-Sale Securities.