Indicate Whether Each of the Following Statements Is True or False

question 97

True/False

Indicate whether each of the following statements is true or false.
a)An eight-month, 6% note for $10,000 will require the issuer to pay $600 in interest.b)Interest expense is considered an operating expense on the income statement.c)Payment of interest is considered an operating activity on the statement of cash flows.d)Payment of interest on a one-year note due on March 1 will include a reduction in liabilities.e)The adjustment to recognize interest expense is an asset use transaction.

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Definitions:

Bisexual

The sexual orientation of an individual who is attracted to both male and female genders.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to individuals of the same sex, opposite sex, both sexes, or neither sex.

Pregnancy Prevention

Strategies or methods used to avoid unintended or unwanted pregnancy, including contraception, abstinence, and education.

Condom Use

The practice of using condoms as a contraceptive method and to reduce the risk of transmitting sexually transmitted infections (STIs).