The unamortized Discount on Bonds Payable account is a contra-liability account
Indicate whether the statement is true or false
True
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Bond A has a 9% annual coupon while Bond B has a 6% annual coupon. Both bonds have a 7% yield to maturity, and the YTM is expected to remain constant. Which of the following statements is CORRECT?
A. The prices of both bonds will remain unchanged. B. The price of Bond A will decrease over time, but the price of Bond B will increase over time. C. The prices of both bonds will increase by 7% per year. D. The prices of both bonds will increase over time, but the price of Bond A will increase by more. E. The price of Bond B will decrease over time, but the price of Bond A will increase over time.
The F distribution is constructed as the ratio of two random variables following a ________ distribution
A) normal B) chi-square C) Student's t D) Poisson
Determine the adjusted cash balance per bank for Sam's Packaging on November 30, from the following information:
Cash balance on the bank statement $3,350
Customer's check returned—NSF 500
Customer's note collected by the bank 600
Deposits in transit, November 30 1,400
Outstanding checks, November 30 3,650
A) $1,250
B) $1,100
C) $1,550
D) $1,350
Secondary data consists of
a. internal data only b. external data only c. existing information d. newly developed primary research