1American Precision Industries Inc. issued a corporate bond with a face value of $10,000 at 96....
1American Precision Industries Inc. issued a corporate bond with a face value of $10,000 at 96. Which of the following statements is true?
| a. |
The stated rate of interest was higher than the market rate of interest and the bond sold for $10,200. |
|
| b. |
The stated rate of interest was higher than the market rate of interest and the bond sold for $10,960. |
|
| c. |
The stated rate of interest was lower than the market rate of interest and the bond sold for $9,600. |
|
| d. |
The stated rate of interest was lower than the market rate of interest and the bond sold for $9,040. |
True
False
3 Tracie's Trike Inc. prepares its Statement of Cash Flows using the indirect method. Which accounts does the company need to analyze in calculating net cash flows from financing activities?
| a. |
Notes Payable (long-term) |
|
| b. |
Inventory. |
|
| c. |
Prepaid Insurance. |
|
| d. |
Equipment. |
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1American Precision Industries Inc. issued a corporate bond with a
face value of $10,000 at 96....
1. Assume a bond with a face value of $600,000 was issued to yield (sold for)...
1. Assume a bond with a face value of $600,000 was issued to
yield (sold for) $588,000 in the market. Which of the following is
true on the issue date?
2. Which of the following is a true statement?
3. Which of the following is not considered one of the four most
common financial statements?
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