The Collins Company sold $200,000 of 10-year bonds for $190,000. The stated rate on the bonds was 8% and interest is paid annually on December 31. What entry would be made on December 31 when the interest is paid? (Numbers are omitted.)

A city adopts an affirmative action plan for firefighters based on significant underrepresentation of women. The cutoff score on the exam is 70. There are two qualified applicants for an opening. One is a male who scored 75 and the other is a female who scored 73. Pursuant to the plan, the female is selected. The male applicant sues for reverse discrimination. He will likely:

A. be successful because he is the most qualified. B. not be successful because both candidates are qualified and there is an imbalance in the workforce. C. be successful because Title VII prohibits the consideration of gender in making employment decisions. D. not be successful because the plan does not set aside positions for women.

Which of the following best describes dumping?

A. It is a duty specifically levied to offset a subsidy. B. It is the relinquishment of an obligation owed by another. C. It is a financial contribution made by a government or other public body that confers a benefit on an enterprise, a group of enterprises, or an industry. D. It is the selling of exported goods at prices below their normal value.