Examlex
Below is a source followed by passage(s) from student papers. If the student has summarized, directly quoted, or indirectly quoted the source correctly, select "Correct." If you believe the source is incorrectly summarized or plagiarized, select "Incorrect."
"Americans are rushing to get tucked, suctioned, tightened, and tweaked like never before. More than 8.7 million people underwent cosmetic surgery in 2003, up 33 percent from the year before, according to the American Society of Plastic Surgeons. No longer a privilege of society wives and aging starlets, cosmetic surgery has gone mainstream, available to almost anyone with a credit card and some vacation time."
⎯ Shute, Nancy. "Makeover Nation."
U.S. News & World Report 31 May 2004: 52. Print.
Student version: In America, having cosmetic surgery has become widely accepted. Over 8.7 million people went under the knife in 2003, a 33 percent increase from the year before. And it's not just "society wives and aging starlets" who are paying to change their looks, but all kinds of people.
Bonds Payable
A long-term debt instrument issued by corporations or governments that promises to pay the holder a specified sum of money at a future date plus periodic interest payments.
Lease Liability
An obligation representing the present value of future lease payments that a lessee is committed to pay over the lease term.
Mortgage Notes Payable
A legal document indicating the amount of a mortgage loan and the terms under which it is to be repaid.
Contractual Interest Rate
The agreed-upon interest rate specified in a loan or bond contract, which the borrower must pay to the lender.
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