The effective interest rate for a discount loan is greater than the loan's stated interest rate
Indicate whether the statement is true or false
TRUE
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Accumulated depletion is a contra-equity account and is recorded in the stockholders' equity section of the balance sheet
Indicate whether the statement is true or false.
Which of the following restrictions on commercial speech would you expect to be held to be constitutional under the Central Hudson Gas & Electric test?
a. a law prohibiting ads about gambling in Nevada in a state where gambling is illegal b. Federal Trade Commission rules restricting misleading advertising c. a state law prohibiting CPAs from sending letters to prospective clients soliciting their business d. a law prohibiting the advertising of prices of prescription drugs e. none of the other choices would be constitutional