Question

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? The bond was issued at a premium The coupon rate was less than the market rate. The market rate was less than the stated rate, The bond was sold at par. QUESTION 8 Which of the following is a true statement? Monopoly was a fun way to learn accounting, Studying accounting is actually very interesting once you know the basics. Accounting will help me in my career. All of the above are true (seriously, you should pick this answer!) QUESTION 9 Which of the following is not considered one of the four most common financial statements? O Income Statement Statement of Cash Flows Statement of Changes in Income Balance Sheet

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?

Answer 1

7) WHEN BOND OF FACE VALUE 600000 ISSUED AT 588000 IT MEANS BOND IS ISSUED AT DISCOUNT AND ONE OF THE REASON FOR THE SAME MAY BE COUPON RATE. COUPON RATE HAS LARGE IMPACT ON PRICING OF BOND, IF COUPON RATE IS HIGHER THAN MARKET INTEREST RATE THE BOND PRICES RISES AND VICE VERSA

FROM ABOVE DISCUSSION WE CAN SAY THAT OPTION B IS CORRECT

8) TO LEARN BASICS OF ACCOUNTING WITH FUN ONE CAN PLAY MONOPOLY AND IF ONCE CONCEPTS ARE CLEARED YOU WILL FIND ACCOUNTING VERY INTERESTING AND HELPFUL FOR YOUR CARRIER

FROM ABOVE DISCUSSION WE CAN SAY THAT OPTION D IS CORRECT

9) FOUR MOST COMMON FINANCIAL STATEMENTS ARE BALANCE SHEET, INCOME STATEMENT, CASH FLOW STATEMENTS, STATEMENTS OF CHANGES IN EQUITY

FROM ABOVE DISCUSSION WE CAN SAY THAT OPTION C IS CORRECT