Firms should report a loss due to write-down of inventory in the cost of goods sold account on the income statement

A device that allows many users on a LAN to use a high-speed printer is known as a

a. print server b. file server c. communications server d. none of the above

If $500,000, 6% bonds are issued on January 1 and pay interest semiannually, the amount of the interest payment on July 1 will be $15,000

Indicate whether the statement is true or false