A bond premium has the effect of
A) lowering the carrying value of the bond.
B) raising the effective interest rate above the face interest rate.
C) increasing the amount of cash paid for interest each six months.
D) lowering the effective interest rate below the face interest rate.
D
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Most companies adopt ABC in order to
A. cut costs. B. help make product mix decisions. C. get a more accurate price of products. D. all of the above are correct.
Prior period adjustments ________.
A. are shown on the statement of retained earnings as corrections to the beginning balance B. always increase the beginning balance of retained earnings C. must be recorded in the period in which the error occurred D. can be ignored because the financial statements have already been issued
Workers’ compensation is ______ insurance, which means that no matter who was at fault in an accident- or illness-related situation, the insurance will be paid out to the party harmed.
A. at-fault B. all-fault C. no-fault D. fault-fault
It is up to the supervisor to see that the treatment plan provided by an employee assistance program (EAP) is producing the desired results at the workplace.
Answer the following statement true (T) or false (F)