Ordinary annuity is an annuity with payments that occur at the beginning of each period.
Answer the following statement true (T) or false (F)
False
Ordinary annuity is an annuity with payments that occur at the end of each period. See 4-1: Cash Flow Patterns
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When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at
a. a premium b. their face value c. their maturity value d. a discount
Bonds that contain a provision that allows the holders to exchange the bonds for other securities of the issuing corporation are called
A) debenture bonds. B) secured bonds. C) callable bonds. D) convertible bonds.
Songbird Corporation's trial balance included the following account balances at December 31 . 2014: Accounts Payable ........................................ $45,000 Bonds Payable, due 2015 ................................. 75,000 Discount on Bonds Payable, due 2015 ..................... 9,000 Dividends Payable January 31 . 2015 ...................... 24,000 Notes Payable, due January 31 . 2018
..................... 60,000 What amount should be included in the current liability section of Songbird's December 31 . 2014, balance sheet? a. $135,000 b. $153,000 c. $195,000 d. $234,000
Which of the following is a sentence fragment?
A) When you submit your timesheet, remember to sign it. B) Because the value of the dollar has fallen in recent years. C) We believe that the new marketing campaign caused an increase in sales.