When the straight-line method of amortization is used for a bond discount, the amount of interest expense for an interest period is calculated by
a. adding the amount of discount amortization for the period to the amount of cash paid for interest during the period.
b. deducting the amount of discount amortization for the period from the amount of cash paid for interest during the period.
c. multiplying the carrying value of the bonds by the effective interest rate.
d. multiplying the face value of the bonds by the face interest rate.
A
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If the sum of the debits and credits in a trial balance is not equal, then
a. there is no concern because the two amounts are not meant to be equal. b. the chart of accounts also does not balance. c. it is safe to proceed with the preparation of financial statements. d. most likely an error was made in posting journal entries to the general ledger or in preparing the trial balance.
How many categories are research designs classified into?
A) 4 B) 2 C) 3 D) 6 E) There is no specific number of research design categories.
Demographic characteristics, geographic characteristics, economic factors, sociocultural factors, and political and legal factors all help a company ________
A) determine a market's potential B) determine a country's degree of globalization C) evaluate its marketing objectives D) evaluate its value delivery network E) determine a country's income distribution
In the context of prestige pricing, the idea behind skimming pricing is to:
A. increase traffic by special sales on a limited number of products. B. achieve long-term profitability through sheer volume of sales. C. attract consumers toward newly launched products by offering them at rock-bottom prices. D. entice price-insensitive consumers to buy high when a product first enters the market.