Colin Has Worked as a Social Worker for 14 Years

question 14

Multiple Choice

Colin has worked as a social worker for 14 years and has established himself as an advanced clinician within the Academy of Certified Social Workers (ACSW) . The highest credential he might be awarded as a result of this established pattern of professional excellence is:

• A) the Diplomate in Clinical Social Work (DCSW).
• B) certification as a Qualified Clinical Social Worker (QCSW) .
• C) licensure as a State Certified Counseling Social Worker (SCCSW).
• D) accreditation as a lifetime member of ACSW.

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Definitions:

Effective-interest Amortization

A method of amortizing the premium or discount on bonds payable that reflects interest expense on the outstanding balance of the bond over its life.

Issue Price

The price at which a company's shares or bonds are made available for sale when they are first issued to the public.

Book Value

The net value of a company's assets minus its liabilities, indicating the total value of the company’s equity as recorded in the financial statements.

Effective-interest Method

An accounting practice for amortizing the discount or premium on bonds or loans in a way that reflects a constant interest rate over the period.