Author Question: Using certain standardized and generally accepted principles, an accountant prepares financial ... (Read 71 times)

wenmo · **on:** Jul 10, 2018

Using certain standardized and generally accepted principles, an accountant prepares financial statements that recognize revenue at the point of sale and expenses when incurred.

Indicate whether the statement is true or false

Question 2

If a United States Savings bond can be purchased for 29.50 and has a maturity value of 100 at the end of 25 years, what is the annual rate of return on the bond?

A) 5 percent
B) 6 percent
C) 7 percent
D) 8 percent