Interest paid on outstanding bonds is usually paid
A. once every two years.
B. once a year.
C. semiannually, or every six months.
D. quarterly, or every three months.
E. on a monthly basis.
Answer: C
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Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $160,000. The asset is expected to have a salvage value of $16,500 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:
A. $34,560 B. $46,980 C. $144,000 D. $86,400 E. $31,320
When using ACE for bad-news messages, which of the following should be considered during the composing stage of the process?
A) Can I do anything else to project a positive image and maintain goodwill? B) How can I close the message appropriately? C) What is the best medium for this message? D) Have I avoided legal complications? E) Does the message project a good image of me?
Both U.S. GAAP and IFRS require the presentation of an income statement and the presentation of the items of Other Comprehensive Income. U.S. GAAP permits the following reporting format(s) except for:
a. a single statement of comprehensive income that shows all the changes in net assets except from transactions with owners. b. a two-statement presentation that includes an income statement and a separate statement of comprehensive income. c. a separate display of the items comprising Other Comprehensive Income within a statement of changes in shareholders' equity. d. a separate display of the items comprising Other Comprehensive Income within a statement of retained earnings. e. All of the above are acceptable reporting formats.
In the PAF Cost Model, PAF stands for ______.
a. prevention, appraisal, failure b. planning, action, feedback c. prevent, act, feedback d. planning, appraisal, feedback