Bonds with a face amount $1,000,000 are sold at 106 . The journal entry to record the issuance is
a. Cash 1,000,000
Premium on Bonds PayableBonds Payable 60,000
1,060,000
b. Cash
Premium on Bonds Payable 1,060,000
60,000
Bonds Payable 1,000,000
c. Cash
Discount on Bonds Payable 1,060,000
60,000
Bonds Payable 1,000,000
d. Cash
Bonds Payable 1,060,000
1,060,000
b
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When constructing assets, capitalized interest is based on
a. the amount allowed by the company's auditors. b. the expenditures at the end of the of the period. c. the expenditures at the beginning of the period. d. the average accumulated expenditures.
Which of the following statements is true regarding risk management and vulnerability management?
A. Both approaches involve processes that typically take many months or years to complete. B. They both have the objective of reducing the likelihood that detrimental events occur. C. Vulnerability management is more complex and strategic. D. Risk management is often conducted using an IT asset-based approach.
Sales territories can be used to obtain thorough coverage of the market.
Answer the following statement true (T) or false (F)
Secured bondholders can foreclose on collateral in the event of nonpayment of interest
Indicate whether the statement is true or false