Knollwood Corporation issued $281,000 of 30-year, 8 percent bonds at 106 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. After 11 years, what is the carrying value of the bonds?
a. $289,430
b. $289,992
c. $288,025
d. $291,678
D
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If the members of a limited liability company want to reinvest profits in the business, they may opt for the firm to be taxed as a corporation.
Answer the following statement true (T) or false (F)
Using the step method of allocating service department costs, the costs are allocated to:
A. service departments only. B. both service departments and operating departments. C. neither service departments nor operating departments. D. operating departments only.
A(n) ____ is one that a developer explicitly raises in the block to enforce a business rule.
A. predefined exception B. exception C. user-defined exception D. error
Identify the situation below that will result in a favorable variance.
A. Actual costs are higher than budgeted costs. B. Actual income is lower than expected income. C. Actual expenses are higher than budgeted expenses. D. Actual revenue is higher than budgeted revenue. E. Actual revenue is lower than budgeted revenue.