The current yield on a bond is measured by ________
A) the annual interest payment divided by the current price
B) the annual interest payment divided by the par value
C) the annual interest payment divided by the maturity value
D) the annual interest payment divided by the yield to maturity
A
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Indicate whether the statement is true or false
Which of the following statements is FALSE?
A) If the lease is deemed to be a true lease, the firm is assumed to have effective ownership of the asset and the asset is protected against seizure. B) Although the legal ownership of the asset resides with the lessor, in a nontax lease the lessee receives the depreciation deductions. C) The treatment of leased property in bankruptcy will depend on whether the lease is classified as a security interest or a true lease by the bankruptcy judge. D) In a nontax lease, the interest portion of the lease payment is interest income for the lessor.
Which of the following audit procedures would provide the least reliable evidence that the entity has legal title to inventories?
A. Confirmation of inventories at locations outside the entity's facilities. B. Analytical review of inventory balances compared to purchasing and sales activities. C. Observation of physical inventory counts. D. Examination of paid vendors' invoices.
During the maturity stage of the product life cycle, profit declines primarily because ________.
A. promotional expenditures increase B. production costs increase the more a firm has to manufacture the same product C. there is fierce price competition among sellers D. there are fewer and fewer competitors in the market E. more consumers enter the market seeking bargains