1. Which of the following is generally associated with payables classified as accounts payable?
Periodic Payment Secured
of Interest by Collateral
a. No No
b. No Yes
c. Yes No
d. Yes Yes
2. On January 1, 2013, Hershey Co. leased a building to Mars, Corp. for a ten-year term at an annual rental of $80,000. At inception of the lease, Hershey received $320,000 covering the first two years' rent of $160,000 and a security deposit of $160,000.
0 sold
Other
/
Other
ashford university
/
Other
01 Oct 2015