This quiz is from the ACCT 302 intermediate accounting and is perfect for you to see just how ready you are for the certifying exam coming up in spring. Do you feel like you have properly revised for it or do you need some more time to revise? Take up the test and get to find out. All the best!
Less than if the straight-line method were used
Greater than the amount of interest payments
Greater than if the straight-line method were used
The same as if the straight-line method were used
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Nominal rate
Coupon rate
Stated rate
Coupon rate. nominal rate of stated rate
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The stated (nominal) rate of interest multiplied by the face value of the bonds
The market rate of interest multiplied by the face value of the bonds
The stated rate multiplied by the beginning-of-period carrying amount of the bonds
The market rate multiplied by the beginning-of-period carrying amount of the bond
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An asset
Both an asset and liability
A deduction from bonds payable issued to arrive at net payable and outstanding
A reduction of stockholder's equity
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Any of these
Using an imputed interest rate to discount all future payments on the note
The market value of the note
The fair value of the property, goods, or services
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As noncurrent
As noncurrent and accompanied with a note explaining the method to be used in its liquidation
In a special section between liabilities and stockholder's equity
As a current liability
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Loss by both the debtor and the creditor
Loss by the debtor and a gain by the creditor
Gain by both the debtor and the creditor
Gain by the debtor and a loss by the creditor
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623,000, 0%
540,000, 0%
534,000, 100%
627,000, 0%
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883.560, 100%
889,560, 0%
999,600, 0%
884, 820 0%
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Management
Common stockholders
Creditors
Preferred stockholders
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Appropriated retained earnings
Contributions by stockholders
Income retained by the corporation
Both income retained by the corporation and contributions by stockholders
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Issued shares
Unissued shares
Outstanding shares
Authorized shares
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Capital stock
Other income
Retained earnings
Paid-in capital from treasury stock
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Included as a contra item in stockholder's equity
Excluded from the stockholder's equity heading
Included as a liability
Included with common stock
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Cash dividend
Liquidating dividend
Property dividend
Stock dividend
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Increases retained earnings and increases total stockholder's equity
Increases common stock outstanding and increases total stockholder's equity
Decreases retained earnings but does not change the total stockholder's equity
May increase or decrease paid-in capital in excess of par but does not change total stockholder's equity
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