The proper procedure for computing the amortization of a premium using the effective interest method includes multiplying
A) the market rate of interest times the face value of the bonds.
B) the market rate of interest times the carrying value of the bonds.
C) the stated rate of interest times the face value of the bonds.
D) the stated rate of interest times the carrying value of the bonds.
B
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In U.S. GAAP, which of the following accurately describe(s) the effects of transactions involving investments on the statement of cash flows?
a. When using the fair value method for trading securities and fair value hedges, both realized and unrealized gains and losses appear in net income. b. Dividends received from investee included in investor's cash flow from operations. c. When using the indirect method, add back realized holding losses, and subtract realized holding gains included in income for the period to derive cash flow from operations. d. All proceeds of sale of trading securities appear as [dis-]investing source of cash. e. all of the above
Cost per hire is classified as a __________ metric of human resources.
A. development B. training C. compensation D. staffing
A company purchased 400 units for $20 each on January 31. It purchased 200 units for $30 each on February 28. It sold a total of 270 units for $90 each from March 1 through December 31 If the company uses the last-in, first-out inventory costing method, calculate the amount of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.)
A) $9,900 B) $23,100 C) $6,600 D) $330
Government securities dealers frequently engage in repos to
A) manage liquidity. B) take advantage of anticipated changes in interest rates. C) lend or borrow for a day or two with what is essentially a collateralized loan. D) do all of the above. E) do only A and B of the above.