The HO policy provides professional liability insurance coverage to the insured, provided the work leading to the lawsuit is done at home

Which of the following past events provides an example of the role that small businesses can play in fostering innovation?

A) Dell Computer's sale of computers directly to consumers B) Hewlett-Packard's sale of computers to small retail establishments C) Intel's invention of the Pentium processor D) Sony's invention of the PlayStation video game device E) IBM's spinning off of Lexmark

Andrews Corporation's liability account balances at June 30, 2013, included a 10 percent note payable. The note is dated October 1, 2011, and carried an original principal amount of $600,000 . The note is payable in three equal annual payments of $200,000 plus interest. The first interest and principal payment was made on October 1, 2012 . In Andrews' June 30, 2013, balance sheet, what amount

should be reported as Interest Payable for this note? a. $10,000 b. $15,000 c. $30,000 d. $45,000 e. None of these answers is correct.