Which of the following statements is not true of corporate bonds?
A) They are debt securities issued by large companies.
B) They have long-term maturity dates.
C) They are very secure and almost never default.
D) They can offer a predictable source of income.
Answer: C
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Which type of report would be used to help the reader to solve problems or support a business decision?
A) Informational B) Analytical C) Executive summary D) Abstract E) Narrative
People in the United States with good educational backgrounds speak in a similar manner regardless of the region of the country
Indicate whether the statement is true or false.
Amortizing a bond premium will ________ the premium balance and ________ the carrying value of the bond so that when the bond matures the carrying value will ________ the face value.
A. decrease? decrease? equal B. decrease? increase? equal C. increase? decrease? be greater than D. decrease? increase? be greater than
A machine with a cost of $142,000, current year depreciation expense of $20,000 and accumulated depreciation of $91,000 is sold for $44,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is:
A. $64,800. B. $20,000. C. $26,200. D. $4480. E. $19,200.