The New England Company has a debt to a bank of $55,000. The company is currently being liquidated and believes that between $12,000 and $20,000 will be paid on that debt. According to the liquidation basis of accounting, what amount is reported for this liability?

Although commercial paper is unsecured, the companies that issue this short-term security are:

A) firms that have government-sponsored guarantees for the debt B) small firms of top credit quality C) large firms of top credit quality D) typically known to repay all defaults

Tone is one of the products of a writer's _______________

a. persona b. style c. skill d. purpose