The issuance price of a bond does not depend on the:
A. perceived risk associated with the bond.
B. face value of the bond.
C. market rate of interest.
D. method used to amortize the discount or premium.
Answer: D
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Indicate whether the statement is true or false
The primary difference between ordinary and extraordinary repairs is that extraordinary repairs
a. are an expense of the current period. b. are periodic in nature. c. are necessary to maintain the asset in good operational condition. d. extend the useful life or increase the residual value of the asset.
After the plaintiff has presented her case, the defendant may be granted a
a. directed verdict. b. summary judgment. c. judgment NOV d. judgment on the pleadings.
Which of the following statements is true of stockholders of corporations?
A. They actively participate in the management of the company. B. They do not have to be individuals. C. They do not elect a board of directors. D. They appoint the chief executive officer of the company.