Which of the following is true of the Discount on Bonds Payable account?
A) It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet.
B) It is subtracted from the Bonds Payable balance and shown with the current liabilities on the balance sheet.
C) It is added to the Bonds Payable balance and shown with stockholders' equity on the balance sheet.
D) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet.
D
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Aqua Sprinkler Systems experienced increasing sales for several years. The firm expanded its product offerings, and now serves both commercial and residential customers. Which of the following situations would be considered an uninsurable risk for Aqua Sprinkler Systems?
A. a fire that destroys its warehouse
B. equipment theft that causes work downtime
C. drought-resistant grass technology that disrupts sales
D. employee sues company due to injury on the job
Before responding to a customer complaint, what should first be considered?
A) How upset the customer is B) How often that particular customer complains C) How easy it is to rectify the issue D) Relationship with the customer E) Company policy for handling customer complaints