ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 36

If bonds have been issued at a discount, then over the life of the bonds
the
Question 18
Ervay Company has $875,000 of bonds outstanding. The unamortized
premium is $12,600. If the company redeemed the bonds at 101, what
would be the gain or loss on the redemption?
Question 19
The relationship between current assets and current liabilities is
Question 20
Match the items below by entering the appropriate code letter in the
space provided.
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ACC 556 Chapter 11 Quiz (100% Score)
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Chapter 11 Quiz

Question 1
A current liability must be paid out of current earnings.
Question 2
Most notes are not interest bearing