Verilux Company sold merchandise to Flight Corp on November 1, 2016, for $10,000 . Verilux accepted a promissory note from Flight Corp for $10,000 . The note has a term of 5 months and a stated interest rate of 7%. Verilux's accounting period ends on December 31, 2016 . What amount should Verilux recognize as interest revenue on the maturity date of the note?

Which of the following is not an exception to the Statute of Frauds?

a. Specially manufactured goods that cannot be sold to others. b. Admissions in court that an oral contract existed. c. A written but unsigned confirmation between merchants d. Guarantor agreements in which the guarantor has secondary liability.

Fieldwork is the step in the research process immediately after developing an approach to the problem

Indicate whether the statement is true or false