LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2021. In payment for the $24.3 million purchase, LCD issued a 1-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 18%.1. Prepare the journal entries for LCD’s purchase of the components on November 1, 2016 and the first installment payment on November 30, 2016. 2. What is the amount of interest expense that LCD will report in its income statement for the year ended December 31, 2016?.

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.