Bonds that were authorized on January 1 . 2014, and that pay interest on January 1 and July 1 of each year were issued on October 1 . 2014 . If the issuer's accounting year ends on December 31 . how many months would any discount or premium be amortized in 2014?
a. 12 months
b. 9 months
c. 6 months
d. 3 months
D
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John hasn't started working on his term paper. He wants to do well in the course, but he's struggling with how to identify a solid topic and start an outline. Most of the other students appear to be moving ahead. John is procrastinating because he is
A. stressed. B. not interested in the course. C. unable to manage his time. D. impulsive. E. lazy.
The percentage of assets that are financed with liabilities can be calculated using the ________
A) accounting equation B) debt ratio C) journal D) ledger
Which of the following statements regarding minimum vesting standards for qualified defined benefit plans is (are) true?
I. The vesting standards apply to both employer and employee retirement contributions. II. Employers may vest benefits more quickly than the minimum standards . A) I only B) II only C) both I and II D) neither I nor II
Why does the future value of a given amount increase when interest is compounded nonannually as opposed to
annually? What will be an ideal response?