The issue price of a bond is equal to:
A. The future value of the face amount plus the future value of the periodic interest payments.
B. The future value of the face amount only.
C. The present value of the interest only.
D. The present value of the face amount plus the present value of the periodic interest payments.
Answer: D
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Credits are always on the_____________side of the T account
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When management chooses to include information in its report on ICFR that is in addition to the information required to be provided, what should the auditor do?
a. The auditor must endorse the information. b. The auditor must include the information as part of the opinion. c. The auditor will disclaim an opinion on that additional information. d. The auditor will present the information in a separate schedule in the footnotes.
Unfavorable variances are represented by debit balances in the overhead account
Indicate whether the statement is true or false
Oral contracts are not enforceable unless independent witnesses can give evidence about
the agreement. Indicate whether the statement is true or false