When a corporation pays a note payable and interest,
a. the account notes payable will be increased.
b. the account interest expense will be decreased.
c. they will debit notes payable and interest expense.
d. they will debit cash.
Ans: c. they will debit notes payable and interest expense.
Business
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When both parties agree to cancel a contract, they effect
a. a rescission. b. a release. c. a novation. d. a reformation.
Business
When the distribution of a continuous random variable follows a uniform probability distribution and does not exceed a specific given value, its cumulative distribution function is graphed as a:
A) bell-shaped curve. B) polygon. C) rectangle. D) straight line.
Business