The balance in Discount on Bonds Payable
A) should be reported on the balance sheet as an asset because it has a debit balance
B) should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest method
C) would be added to the related bonds payable to determine the carrying amount of the bonds
D) would be subtracted from the related bonds payable on the balance sheet
D
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Under accrual accounting, revenue is recognized when
a. the firm has performed all, or most of, the services it expects to provide. b. the firm has received cash, or some other asset such as a receivable, whose cash-equivalent value it can measure with reasonable precision. c. the firm has significant uncertainty about the amount and timing of the cash inflows and outflows from the sales transaction. d. both a and b must be present. e. none of the above.
The guidelines for designing an incentive compensation system that will help drive successful strategy execution include
A. having an outside wage and salary expert administer the system, so that there is no doubt as to its fairness and impartiality. B. making the payoff for meeting or beating performance targets a major, not minor, piece of the total compensation package. C. basing the incentives on group performance rather than individual performance. D. making minimal use of nonmonetary incentives and rewarding people for diligently performing their assigned duties. E. having a bonus and incentive plan that applies to managers only (employees should generally not be included in incentive pay plans but should have attractive wages and salaries).
The first unit took 10 hours and the fourth unit 8.1 hours. What is the improvement rate?
A) 99% B) 95% C) 90% D) 15% E) 10%
A company's month-end adjusting entry for Insurance Expense is $1,000. If this entry is not made then expenses are understated by $1,000 and net income is overstated by $1,000.
Answer the following statement true (T) or false (F)