The carrying value of bonds at maturity always equals:
A. the amount of cash originally received in exchange for the bonds.
B. $0.
C. the amount of discount or premium.
D. the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium.
E. the par value of the bond.
Answer: E
You might also like to view...
A company using very tight (high) standards in a standard cost system should expect that
a. no incentive bonus will be paid. b. most variances will be unfavorable. c. employees will be strongly motivated to attain the standards. d. costs will be controlled better than if lower standards were used.
Considering what you have learned about writing style and writing lapses, which sentence demonstrates the best overall construction?
a. Since I have learned how to modify my writing style—a skill I didn't know could be developed—I have been able to write every report effectively. b. Having learned how to modify my writing style, my reports have improved. c. Having learned how to modify my writing style, I now write with greater confidence. d. Learning to modify my writing style, has increased my confidence.
Under the perpetual inventory system, the journal entry to record the freight paid by the seller on goods sold is:
A) Cash XX Sales Discount XX Accounts Receivable XX B) Delivery Expenses XX Cash XX C) Cash XX Accounts Receivable XX D) Merchandise Inventory XX Cash XX
The Long-term Investments account is debited for the receipt of a dividend on an equity method investment because the dividend increases the investee's equity
Indicate whether the statement is true or false