The ________ is generally one of the first notes to the financial statements

A) accounting policies footnote
B) contingencies footnote
C) employee benefits footnote
D) intangibles explanation footnote

Answer: A

Business

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Watt Company purchased $300,000 of bonds for $315,000. If Watt intends to hold the securities to maturity, the entry to record the investment includes

a. a debit to Held-to-Maturity Securities at $300,000. b. a credit to Premium on Investments of $15,000. c. a debit to Held-to-Maturity Securities at $315,000. d. None of these answers are correct.

Business

When an application program transmits a message, what will the first field be in the message that is sent over the transmission link?

A) application header B) packet header C) transport header D) frame header

Business