Which of the following statements regarding amortization is true?
a. Amortization of the premium causes the premium on bonds payable account to increase.
b. Amortization of the premium causes the amount of interest expense to increase.
c. Cash interest payments on bonds equals interest expense on the income statement when there is amortization of bond premium.
d. Amortization of premium continues over the life of the bond until the balance in the account is reduced to zero.
d
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The Employer's Quarterly Federal Tax Return form does not include lines for
a. the EIN; b. the taxable Social Security wages; c. sick pay for the quarter; d. overpayments applied from a prior quarter; e. FUTA tax.
Which statement is true?
a. ERPs are infinitely scalable. b. Performance problems usually stem from technical problems, not business process reengineering. c. The better ERP can handle any problems an organization can have. d. ERP systems can be modified using bolt-on software.
A(n) ________ does not take title to goods and represents buyers or sellers on a more permanent basis than a broker
A) full-service wholesaler B) industrial distributor C) agent D) retailer E) cash-and-carry wholesaler
The most appropriate cost driver for direct materials would be:
a. number of parts within a product. b. number of hours of labor. c. number of products manufactured. d. number of production hours. e. number of machine hours.