ACC 556 STR help A Guide to career/uophelp.com ACC 556 STR help A Guide to career/uophelp.com | Page 31

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ACC 556 Chapter 10 Quiz (100% Score)
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Chapter 10 Quiz
Question 1
A current liability must be paid out of current earnings.
Question 2
Most notes are not interest bearing.
Question 3
Unearned revenues are received before goods are delivered or services
are rendered.
Question 4
The carrying value of bonds is calculated by adding the balance of the
Discount on Bonds Payable account to the balance in the Bonds Payable