7 ) Under the effective-interest method of bond discount or premium amortization , the periodic interest expense is equal to
8 ) When a business enterprise enters into what is referred to as offbalance-sheet financing , the company
9 ) When the interest payment dates of a bond are May 1 and November 1 , and a bond issue is sold on June 1 , the amount of cash received by the issuer will be
10 ) On October 1 , 2014 Macklin Corporation issued 5 %, 10-year bonds with a face value of $ 4,000,000 at 104 . Interest is paid on October 1 and April 1 , with any premiums or discounts amortized on a straightline basis .
11 ) Which of the following taxes does not represent a common employee payroll deduction ?
12 ) Which of the following is an example of a contingent liability ?
13 ) Sawyer Company self-insures its property for fire and storm damage . If the company were to obtain insurance on the property , it