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Author Question: If a bond is sold at a premium, the carrying value reported on the balance sheet in subsequent years ... (Read 727 times)

s.tung

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on: Jul 5, 2018
If a bond is sold at a premium, the carrying value reported on the balance sheet in subsequent years ________.
 
  A) stays the same each year
  B) increases each year
  C) decreases each year
  D) changes every year as the market rate of interest changes

Question 2

Assume the gross amount of an invoice is 200 and a trade discount of 10 is allowed. The amount to be entered in the accounting records would be
 a. 20.
   b. 220.
   c. 200.
   d. 180.


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duy1981999

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


s.tung

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Reply 2 on: Jul 5, 2018
Excellent

sultansheikh

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Reply 3 on: Yesterday
Wow, this really help

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