Answer the following statements true (T) or false (F)
1. The market value (issue price) of a bond is equal to the present value of all future cash
payments provided by the bond.
2. Premium on Bonds Payable is an adjunct liability account, as it increases the carrying value of the bond.
3. When the contract rate of a bond is greater than the market rate on the date of issuance, the bond sells at a discount.
4. The issue price of bonds is found by computing the future value of the bond's cash payments, discounted at the market rate of interest.
5. The effective interest method assigns a bond interest expense amount that increases over the life of a premium bond.
1. TRUE
2. TRUE
3. FALSE
4. FALSE
5. FALSE
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In small firms, the marketing function is usually handled by a ________ who is responsible for new-product planning, advertising, working with the company's sales representatives, and marketing research
A) single marketing manager B) brand manager C) product category manager D) market manager E) venture team manager
When goods named in a contract are held by a bailee, tender of delivery occurs when the buyer
receives the goods from the bailee. Indicate whether the statement is true or false
Considering the cases reported in this Chapter, all of them used ______.
A. an outside consultant B. the thinking and practice of organization change from business industrial organization C. elected officials D. none of these
In Caley v. Gulfstream Aerospace, the employer told the employees that as a condition of continued employment they had to agree to a new dispute resolution policy that would take effect in two weeks. Caley sued, contending the new policy was not backed by consideration, so there was no enforceable contract. The appeals court held that:
a. companies cannot offer employees contracts, so whether or not there was consideration is irrelevant b. there was an offer and acceptance, but no consideration so there was no contract c. there was an offer and consideration, but continued employment was not a sufficient method of acceptance so there was no contract d. none of the conditions necessary for a contract were present so there was no contract e. none of the other choices are correct