If assets are $365,000 and equity is $120,000,then liabilities are:

A) $120,000.
B) $245,000.
C) $365,000.
D) $485,000.
E) $610,000.

On May 1, Cedar Inc. purchases $100,000 of 10-year, Madison Corporation 6% bonds dated March 1 at 100 plus accrued interest. What entry would Cedar record when receiving its semiannual interest on September 1?

Negotiable instruments payable to whoever is bearing them are known as ________ instruments.

A) Demand
B) Order
C) Transactional
D) Bearer
E) Payor

Headings must be complete sentences.

Transfer payments are paid mainly to

A) individuals.
B) business firms.
C) foreign countries.
D) government bondholders.

If the prices received by farmers increased and the prices paid by farmers also increased, the parity ratio

A) will necessarily be unchanged.
B) may either increase or decrease.
C) will necessarily increase.
D) will necessarily decline.