A debt is said to be selling at par, when the _____ of the debt is equal to the _____.
A. par value; discounted value of the interest payments
B. principal value; discount on the issue of a zero coupon bond
C. face value; premium payment on the exercise of a call provision
D. market value; face value of the debt
E. maturity value; par value of the debt
Answer: D
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Underapplied overhead occurs when the balance in the Manufacturing Overhead Control account is:
A. less than the balance in the Applied Manufacturing Overhead account. B. equal to the balance in the Applied Manufacturing Overhead account. C. less than the balance in the Finished Goods Inventory account. D. greater than the balance in the Applied Manufacturing Overhead account.
For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?
A) only Social Security tax B) only Medicare tax C) only unemployment compensation tax D) none of the above
How do "technology general controls" differ from "automated controls"?
Review auditing standards or COSO's Internal Control - Integrated Framework to answer the following questions:
_____ code is embedded inside an HTML page and is activated by triggering events such as clicking on a link
a. XML b. SQL c. Visual Basic d. VBScript