A Forward Rate Agreement contains an agreed interest rate of 3.1% on a 6-month loan. If settled in arrears, what amount would the borrower pay or receive on an $800,000 loan if the prevailing 6-month interest rate is 3.6%?

The focus of APB Opinion No. 22 is on the disclosure of accounting policies. This information is important to financial statement readers in determining

A. Net income for the year. B. Whether accounting policies are consistently applied from year to year. C. The value of obsolete items included in ending inventory. D. Whether the working capital position is adequate for future operations.

A man purchased a commercial property for $193,600 which was equal to $4.40 per square foot. The lot, which was rectangular, was 200 feet deep. What was the cost per front foot:

A: $440; B: $660; C: $880; D: $986.