All of the following statements regarding held-to-maturity debt securities are true except
A) premiums and discounts must be amortized over the remaining life of the bonds.
B) the debt securities should be valued at market value.
C) the realized gain or loss is the difference between their amortized cost and the proceeds from their sale.
D) interest income may be debited at the time of acquisition.
B
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Baylor Enterprises has bonds outstanding with a face value of $200,000 and a carrying value of $206,000 on December 31, 20x5. If the company calls in and retires these bonds on December 31, 20x5, for $210,000, the entry to record the retirement will include a
A) debit to Bonds Payable for $206,000. B) credit to Cash for $206,000. C) debit to Loss on Retirement of Bonds for $6,000. D) debit to Loss on Retirement of Bonds for $4,000.
A regression analysis involved 10independent variables and 27 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have
A. 27 degrees of freedom. B. 26 degrees of freedom. C. 21 degrees of freedom. D. 16 degrees of freedom.
Everything But Water, a retailer of swimwear, employs a commonly used cost-based pricing method called
A. value pricing. B. cost-plus pricing. C. cost discounting. D. differential pricing. E. markup pricing.
Opening statements in communication using the direct approach should be what? Select one:
A. Brief and to the point
B. Hedge sentences
C. Neutral
D. Apologetic