A coupon bond pays the owner of the bond
A) the same amount every month until the maturity date.
B) a fixed interest payment every period, plus the face value of the bond at the maturity date.
C) the face value of the bond plus an interest payment once the maturity date has been reached.
D) the face value at the maturity date.
E) none of the above.
B
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Under IFRS, SPEs are consolidated when evidence indicates that the reporting company "controls" the SPE. Control is presumed if which of the following conditions exist? The reporting entity performs activities on behalf of the SPE. The SPE has decision-making powers over the activities of the reporting entity. The reporting company has exposure, or rights, to variable returns from its involvement with the investee The reporting company has the ability to use its power over the investee to affect the amount of the firm's returns
A. I, II, and III only. B. I and II only. C. III and IV only. D. I, II, III, and IV.
A construction company uses the percentage-of-completion method for long-term construction contracts. A particular job was begun in 2014 and completed in 2015 . During 2014, it appeared that the project would cost 25 percent more than originally expected. Data at the end of each year are given below: 2013 2014 2015 End-of-year estimated cost remaining $ 200,000 $ 100,000 $ - Annual cost incurred
200,000 200,000 60,000 The contract price was $700,000 . Assuming the company properly recorded income in 2013 . how much income should be recorded in 2014? a. $10,000 b. $42,000 c. $160,000 d. $192,000
Which of the following is not one of the perspectives on bureaucracy?
a. Division of labor b. Impersonal rules c. Bottom-up authority d. Hierarchy is exhibited
Which criteria of energizing the client toward action relates to ensuring the data describes current facts?
a. Relevant b. Influenceable or manageable c. Descriptive d. Selective