A seller offers to pay six discount points on behalf of the buyers. This will reduce the Bears interest rate from 9% to 8%. This is known as a:

Transactions are recorded using debits and credits in a(n):

a. Annual report b. Journal c. Financial statement d. Chart of accounts

Sam goes to the movies one Friday evening. The movie is boring and Sam falls asleep. At 2 a.m., the security guard locks the building. Sam awakens the next morning when the cleaning crew opens the door. Sam can sue for false imprisonment

a. True b. False Indicate whether the statement is true or false