On january 1, 2019, tonika company issued a four-year, $10,000, 7% bond. the interest is payable annually each december 31. the issue price was $9,668 based on an 8% effective interest rate. tonika uses the effective-interest amortization method. the interest expense on the income statement for the year ended december 31, 2019 is closest to:

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of