The use of the effective interest method to amortize a discount associated with the acquisition of an investment in bonds results in
A. the recognition of more interest income over the life of the investment than would result from the use of the straight-line method.
B. the recognition of a constant amount of interest income each period.
C. the recognition of less interest income over the life of the investment than would result from the use of the straight-line method.
D. the recognition of a varying amount of interest income each period.
Answer: D
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Sarah receives a $15,000 scholarship from City University. The university specifies that $8,000 is for tuition, books, supplies, and equipment for classes. The other $7,000 is for room and board. Sarah works ten hours per week as a grader, for which she is paid $7,500 for the year. Of the total amount received, Sarah must include the following amount in gross income
A. $7,000. B. $14,500. C. $7,500. D. $22,500.
Sentences should generally NOT end with a preposition
Indicate whether the statement is true or false
Which of the following is NOT a goal for manufacturers in designing their individual internal processes?
a. to maximize the performance of their supply chains b. to provide customers with high-quality products and services c. to provide value at the lowest possible cost d. to provide at locations most convenient for the manufacturers
A business that contributes resources to the community to improve the quality of life is taking on a(n) ____ responsibility.
A. ethical B. legal C. cost D. philanthropic E. economic