_____ can be defined as a generalization about a group of people that oversimplifies their culture.

On October 1, 2016, Vero Beach Financial lent Morgan Corporation $600,000, receiving in exchange a 9-month, 12% note receivable. Vero Beach Financial ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Morgan Corporation during 2017 will amount to

A. $13,500 B. $18,000 C. $44,500 D. $36,000

Dividends in arrears are ________

A) a liability on the balance sheet B) passed dividends on noncumulative preferred stock C) passed dividends on cumulative preferred stock D) passed dividends on common stock