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Under GAAP, when interest rates rise, the carrying value of a long-term bond ________.
A. depends on the characteristics of the bond
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C. remains unchanged
D. decreases
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Long-term debt is recorded at acquisition cost and historical cost accounting does not allow revaluation.
Hence, even though the market value of the debt changes due to a change in interest rates, the book value of the debt changes only at the regular amortization schedule, independent of the market changes.
NEW QUESTION: 2
William wants to show line numbers in the Source Editor. How can he accomplish that?
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C. Right-click in the editable area and select Preferences > Check the option to show line numbers.
D. Right-click on the bar at the left-hand side of the editable area and select "Show Line Numbers".
Answer: D
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You are the administrator for a company named Contoso, Ltd. The company has an Office 365 subscription.
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D. Run the Set-MsolCompanyContactInformation cmdlet.
Answer: B
Explanation:
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NEW QUESTION: 4
Which symptom most commonly indicates that two connecting interfaces are configured with a duplex mismatch?
A. an interface with a down/down status
B. collisions on the interface
C. the spanning-tree process shutting down
D. interface with an up/down status
Answer: B
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