Harold is the chief financial officer of a software company. He takes a loan on behalf of the company for one million dollars. The company has to pay an annual interest of 2.5 percent on the loan. Under which accounting head will the company record the interest payable on the loan every year? A.
long-term liabilities
B.
fixed assets
C.
current liabilities
D.
current assets
E.
income

The a/p clerk of a company writes the checks for vendors, and the controller signs the checks. the a/p clerk hasdevised a plan to give herself a raise. she creates a new vendor for her friend's business and creates two purchaseorders for random car detailing services for $75 and $70. she writes the checks to pay these new vendors knowing thecontroller will only pay close attention to checks over $100. she delivers the checks to her friend to deposit in his bankaccount, and then he writes her a personal check for the full amount of $145.ceventually, what will be the effect of her actions? what can the company do to prevent this type of behavior? due mondav