On 1 July 2013, Avery Services Issued a 4% Long-

question 35

True/False

On 1 July 2013, Avery Services issued a 4% long- term note payable for $10 000. It is payable over a 5- year term in $2 000 principal instalments on 1 July of each year. Each yearly instalment will include both principal repayment of $2 000 and interest payment for the preceding one- year period. On 1 July 2014, after the first instalment payment is made, Avery will have to reclassify an additional $2 000 from long- term notes payable to the current portion of long- term notes payable.

---

Definitions:

Permethrin

A synthetic chemical used as an insecticide, acaricide, and insect repellent, commonly applied to clothing, bedding, and used in certain medications for treating scabies and lice.

Scarves

Lengths of fabric worn around the neck, head, or waist for warmth, cleanliness, fashion, or religious reasons.

Diabetic Foot Ulcers

Open sores or wounds that occur in individuals with diabetes, usually on the bottom of the foot.

Peripheral Neuropathy

A condition where the peripheral nerves that send signals between the brain, spinal cord, and the rest of the body are damaged or diseased.