For tax purposes, there is no original issue discount on a bond unless the bond is issued for less than its face value and the difference between the face value and the bond issue price is at least one-fourth of 1% of the redemption price at maturity multiplied by the number of years to maturity.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following is a difference in the views of Keynesian and classical economists?
A. Keynesians believe that prices and wages adjust quickly, whereas the classicals believe they adjust slowly. B. Keynesians believe that policymakers have full knowledge about the state of an economy, whereas the classicals believe they don't. C. Keynesians believe that policymakers cannot offset shocks to an economy, whereas the classicals believe they can. D. Keynesians believe that most shocks to an economy are to long-run aggregate supply, whereas the classicals believe the shocks are to aggregate demand.
The purchase of office equipment on credit has what effect on the accounting equation?
a. Assets decrease and stockholders' equity decreases. b. Liabilities increase and stockholders' equity decreases. c. Assets increase and liabilities increase. d. Assets decrease and liabilities decrease.
Which of the following issues does the Fourth Amendment to the U.S. Constitution address?
A) Search and seizure B) Due process C) Just compensation D) Equal protection
In terms of Porter's Five Forces Model, explain the benefits an organization can receive from implementing an efficient and effective SCM system.
What will be an ideal response?