The Bipartisan Campaign Reform Act of 2002 prohibits which of the following?
A. Corporations contributing funds to referendum campaigns
B. Solicitations for soft money accounts by members of Congress
C. Giving more than $1,000 for commercials that endorse candidates
D. Individuals contributing to federal Political Action Committees (PACs)
E. Contributions to local political organizations by labor unions
B
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On January 1, 2017, Partridge Advertising Company issued $50,000 of six-year, 3% bonds when the market interest rate was 4%
The bonds were issued for $47,356. Partridge uses the effective-interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. Prepare the amortization table for the first four interest payments. (Round your answers to the nearest dollar number.) Date Cash Paid Interest Expense Discount Amortized Carrying Amount 1/1/17 6/30/17 12/31/17 6/30/18 12/31/18 What will be an ideal response
The interest rate may be increased or decreased during the term of the loan under which of the following government financing programs?
a. FHA b. Cal Vet c. VA d. Both FHA and VA