If the straight-line method of amortization of bond premium or discount is used, which of the following statements istrue?
a. Annual interest expense will increase over the life of the bonds with the amortization of bond premium.
b. Annual interest expense will remain the same over the life of the bonds with the amortization of bonddiscount.
c. Annual interest expense will decrease over the life of the bonds with the amortization of bond discount.
d. Annual interest expense will increase over the life of the bonds with the amortization of bond discount.
b
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Which of the following statements is true of state action?
A. State action is not involved if policies are mandated by federal law. B. Private deprivation of individual liberties is permitted only if interference of state action is prohibited by statute. C. The Constitution protects an individual only against governmental activity, usually called state action. D. The constitutional checks on governmental power do not apply to the Congress.
Which of the following is most likely an example of a business promotion tool?
A) a free DVD for customers who purchase a new television at a retail store B) a trade fair showcasing a new audio system developed by an electronics firm C) a sweepstakes program inviting customers to enter for the chance to win a new car D) a toaster being sold at half its list price for any buyer who purchases a food processor E) a display allowance for retailers who feature a manufacturer's product in a favorable manner
In a standard cost system, when production is greater than the estimated unit or denominator level of activity, there will be a(n)
a. unfavorable capacity variance. b. favorable material and labor usage variance. c. favorable volume variance. d. unfavorable manufacturing overhead variance.
Cheetah, a web development firm, wants to implement an organic structure to foster innovation and attract the most talented creative minds. Which of the following features will make it difficult to do so?
A. a wide span of control for managers B. dedication to a cost-leadership business strategy C. decision-making power distributed throughout the organization D. flexible job descriptions for employees