Exhibit 14-5 Joseph Company had underwriters prepare a bond issue for $100,000 9%, ten-year bonds dated January 1, 2014 The bonds were issued on March 1, 2014 at 102 plus accrued interest on. Expenses connected with the issue totaled $5,000 and were deducted in arriving at the net proceeds. Joseph amortizes premiums and discounts using the straight-line method. ? ?Refer to Exhibit 14-5. The
entry to record the issue would include
A) ?a debit to Bonds Payable for $100,000.
B) ?a debit to Interest Expense for $1,500.
C) ?a credit to Bonds Payable for $102,000.
D) ?a credit to Interest Expense for $1,500
D
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Product variations can arise from ______.
A. internal variation B. supplier variation C. market variation D. customer variation
Which of the following statements is CORRECT?
A. A 10-year, 10% coupon bond has less reinvestment rate risk than a 10-year, 5% coupon bond (assuming all else equal). B. The total return on a bond during a given year is the sum of the coupon interest payments received during the year and the change in the value of the bond from the beginning to the end of the year. C. The price of a 20-year, 10% bond is less sensitive to changes in interest rates than the price of a 5-year, 10% bond. D. A $1,000 bond with $100 annual interest payments that has 5 years to maturity and is not expected to default would sell at a discount if interest rates were below 9% and at a premium if interest rates were greater than 11%. E. 10-year, zero coupon bonds have higher reinvestment rate risk than 10-year, 10% coupon bonds.
An advertisement that emphasizes crash test ratings appeals to the audiences' desire for _____
A) self-esteem B) love C) safety D) belonging E) self-actualization
The popularity of John Kotter’s “Leading Change” is due to ______.
A. Kotter’s status and reputation B. Kotter’s ability to distill into eight stages a mass of case examples C. the face validity of the eight stages D. all of these