Amortizing a bond premium will ________ the premium balance and ________ the carrying value of the bond so that when the bond matures the carrying value will ________ the face value.
A. decrease? decrease? equal
B. decrease? increase? equal
C. increase? decrease? be greater than
D. decrease? increase? be greater than
Answer: A
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For a statement of changes in net worth, which of the following would be an unrealized decrease in net worth?
a. Decrease in value of furnishings b. Salary c. Income taxes d. Increase in value of land e. Interest income
Under the revised Article 9 of the Uniform Commercial Code, ________.
A. a security interest in an after-acquired property cannot attach to that property until the debtor obtains some property rights in the new property B. a creditor cannot protect her security interest in collateral against other creditors of a debtor and other third persons C. the attachment of a security interest to the collateral does not automatically give a secured party a security interest in the proceeds on the disposal of the collateral by the debtor D. a creditor cannot use the collateral to protect his interest in repayment of the money advanced to a debtor by covering future advances
We all feel committed to do our best because as a team we created our code of conduct and performance criteria together. Which characteristic of team excellence is our team displaying?
A. results-driven structure B. standards of excellence C. real team D. unified commitment
Types of inventories include all of the following except?
a. Raw materials b. Returned goods c. Work-in-process d. Finished goods