Bond duration refers to the remaining life of a bond

A valid listing agreement must contain which stipulation?

A. The preprinted rate of commission B. A hold-harmless clause C. Specific reference to the subject matter of the listing D. The right of either party to cancel upon notice

On January 5, 2009, Garrett Company, a calendar-year company, issued $500,000 of notes payable, of which $100,000 is due on January 1 for each of the next five years. The proper balance sheet presentation on December 31, 2009, is

A) Current Liabilities, $500,000. B) Current Liabilities, $100,000; Long-term Debt, $400,000. C) Long-term Debt, $500,000 D) Current Liabilities, $400,000; Long-term Debt, $100,000.