An agreement by a bank which guarantees payment on the prompt arrival of a shipment of goods from an overseas supplier is called a:

A) Factored inventory loan.
B) Letter of credit.
C) Blanket inventory lien.
D) Line of credit.
E) Compensating agreement.

Which of the following is an example of a nonsexist job title?

A) poetess
B) stewardess
C) mailman
D) flight attendant
E) sculptress

Jager Inc. holds 30% of the outstanding voting shares of Kinson Co. and appropriately applies the equity method of accounting. Amortization associated with this investment equals $11,000 per year. For 2021, Kinson reported earnings of $100,000 and paid cash dividends of $40,000. During 2021, Kinson acquired inventory for $62,400, which was then sold to Jager for $96,000. At the end of 2021, Jager still held some of this inventory at its intra-entity selling price of $50,000.Required:Determine the amount of Equity in Investee Income that Jager should have reported for 2021.

What do courts begin their interpretation of a clearly worded statute with?

A) Its plain meaning
B) Its legislative history
C) Records of legislative debates
D) Its different amendments

Long-term solutions to avoiding burnout are

A) reducing workload and setting priorities.
B) clarifying values and renewing commitments.
C) talking with a friend and taking a physical retreat.

Which of the following are accounted for at amortized cost?

A) Held-for-collection investments
B) Held-to-maturity investments
C) Non-trading equity investments
D) Both Held-for-collection and Held-to-maturity investments