True or False? You can purchase life insurance from two types of insurance companies.

On January 1, 2020, Pharoah Corporation redeemed $640,000 of bonds at 99. At the time of redemption, the unamortized premium was $19,200. Prepare the corporation's journal entry to record the reacquisition of the bonds.

Genex Dynamics is a ballistics company that uses the unity of command, scalar chain, and division of work principles. These are part of which management philosophy?

Since men and women are different, who is supposed to do the financial decision making in a marriage?

Danner Company expects to have a cash balance of $46,350 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $87,550, February $154,500.

Red Co. acquired 100% of Green, Inc. on January 1, 2012. On that date, Green had inventory with a book value of $42,000 and a fair value of $52,000. This inventory had not yet been sold at December 31, 2012.

Recently, much of the Western United States experienced drought conditions and water usage was restricted in Denver. Yet, even though most people used less water, the price of water did not drop.

Big City provides a defined benefit pension plan for employees of the city water department, an enterprise fund. Assume that the service cost component is $420,000, and interest on the pension liability is $380,000 for the year.

A subscription model charges a variable fee based on the volume of transactions or operations performed by the application. A) True B) False

Diana and Charles Windsor are considering purchasing a swimming pool. The representatives of Fun-in-the-Sun Pool arrange a meeting at the Windsor's home to discuss the price and draw up plans.

Earnhardt Driving School's 2018 balance sheet showed net fixed assets of $5 million, and the 2019 balance sheet showed net fixed assets of $5.6 million. The company's 2019 income statement showed a depreciation expense of $210,000.