Acc 304 Week 9 Quiz 6

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ACC 304 WEEK 9 QUIZ 6
TO purchase this tutorial visit following link: http://wiseamerican.us/product/acc-304-week-9-quiz-6/ Contact us at:
SUPPORT@WISEAMERICAN.US
ACC 304 WEEK 9 QUIZ 6
ACC 304 Week 9 Quiz 6 – STR NEW
ACC 304 Week 9 Quiz 6
All Questions Included. TRUE FALSE—Conceptual
1. Companies usually make bond interest payments semiannually, although the interest rate is generally expressed as an annual rate.
2. A mortgage bond is referred to as a debenture bond.
3. Bond issues that mature in installments are called serial bonds.
4. If the market rate is greater than the coupon rate, bonds will be sold at a premium.
5. The interest rate written in the terms of the bond indenture is called the effective yield or market rate.
6. The stated rate is the same as the coupon rate.
7. Amortization of a premium increases bond interest expense, while amortization of a discount decreases bond interest expense.
8. A bond may only be issued on an interest payment date.
9. The cash paid for interest will always be greater than interest expense when using effective-interest amortization for a bond.
10. Bond issue costs are capitalized as a deferred charge and amortized to expense over the life of the bond issue.
11. The replacement of an existing bond issue with a new one is called refunding.
12. If a long-term note payable has a stated interest rate, that rate should be considered to be the effective rate.
13. The implicit interest rate is the rate that equates the cash received with the amounts received in the future.
14. An unrealized holding gain or loss is the net change in the fair value of the liability from one period to another, exclusive of interest expense recognized but not recorded.
15. Off-balance-sheet financing is an attempt to borrow monies in such a way to minimize the reporting of…...

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