When a bond is purchased in the secondary bond market at a discount, the amount of discount treated as interest income when the bond is sold prior to maturity is the:
A. accrued market premium.
B. accrued market discount.
C. market discount.
D. market premium.
E. None of the choices are correct.
Answer: B
You might also like to view...
Which of the following would be a new supervisor's most reliable source of getting to know his or her new employees?
A. The employees themselves B. The performance appraisals of employees C. The human resource department D. The top management
Explain the potential problems associated with the brand management system
What will be an ideal response?
Which of the following statements is true regarding by-products or scrap?
a. Process costing is the only method that should result in by-products or scrap. b. Job order costing systems will never have by-products or scrap. c. Job order costing systems may have instances where by-products or scrap result from the production process. d. Process costing will never have by-products or scrap from the production process.
In making short-term decisions:
a. sunk costs should be identified. b. costs should be included if they will still remain. c. sunk costs should not be included in the analysis. d. Both a and b answers are correct. e. All of the answers are correct.