Which of the following represents the highest level of environmental uncertainty?
A) Mario's restaurant competes against 325 others in the city; the city's ethnic mix is constantly changing.
B) Maria's is still the only restaurant in a small town. She took it over from her mother and still uses the same equipment.
C) Millie's customers expect to see new menu items regularly and want Millie to install Wi-Fi.
D) Marty has to deal with the local council, the health department, the franchisor, the zoning commission–the list keeps growing. He is grateful there are no new competitors moving in.
Answer: A
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On December 31, 2017, Lopez Sales has a Bonds Payable balance of $72,000 and a Premium on Bonds Payable balance of $4,000. On the balance sheet, how will this information be shown?
A) $72,000 less premium of $4,000 for a net balance of $68,000 B) $72,000 less one-tenth of $4,000 for a net balance of $71,600 C) $72,000 D) $72,000 plus a premium of $4,000 for a net balance of $76,000