What Is the Name for a Bond Whose Repayment Is

question 21

Multiple Choice

What is the name for a bond whose repayment is guaranteed by the full faith and credit of the state?

• A) Revenue bond
• B) General obligation bond
• C) Special assessment bond
• D) Limited obligation bond
• E) High-yield bond

Recognize the impact of changes in fair value on the reporting of available-for-sale and trading securities.

Learn the specific accounting treatments for unrealized gains and losses on securities.

Understand the procedures for consolidating financial statements for a parent company and its subsidiary.

Know how management's intent affects the classification of securities as either long-term or short-term.

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Definitions:

Approximation

A technique in mathematics and statistics used to find close but not exact answers, or a process in behaviorism to successively refine behaviors towards a target.

Behavior Therapy

A therapy based on the principles of behaviorism, focusing on modifying problematic behaviors and learning new coping mechanisms.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a reaction to stress.

Systematic Desensitization

A therapeutic technique used to reduce phobias or anxiety by gradually exposing a person to the feared object or situation in a controlled manner.