The Imagining Functional Competency Refers to Our Ability to Use

question 23

True/False

The imagining functional competency refers to our ability to use language to play as well as our ability to think ahead and anticipate what someone else might say.

---

Definitions:

Redeemed

The act of paying off or buying back something, such as repaying a bond or exchanging a coupon for goods.

Gain On Redemption

The financial benefit gained when a debt instrument, such as a bond, is redeemed before its maturity at a value higher than its book value.

Discount On Bonds Payable

The difference between the face value of bonds and their selling price when sold for less than their face value.

Contra Liability

A liability account that is used to record reductions to another liability account, effectively acting as a negative liability.