Which of the following is a purpose for workplace blogging?
A) Communication with customers. B) Facilitate online publishing. C) Communication with colleagues. D) Track public opinion. E) All of the above.
E
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Under cash basis accounting, an expense is recorded only when cash is paid
Indicate whether the statement is true or false
A bond issue of $50,000 with a carrying value of $49,000 is converted into $10 par value common stock at the rate of fifty shares for each $1,000 bond. The entry to record the conversion of bonds would be:
a. Bonds Payable 50,000 Loss on Retirement of Bonds 1,000 Unamortized Bond Discount 1,000 Common Stock 50,000 b. Bonds Payable 50,000 Common Stock 25,000 Additional Paid-In Capital 25,000 c. Bonds Payable 50,000 Common Stock 25,000 Additional Paid-In Capital 24,000 Unamortized Bond Discount 1,000 d. Bonds Payable 49,000 Unamortized Bond Discount 1,000 Common Stock 25,000 Additional Paid-In Capital 25,000