211

question 163

Multiple Choice

211. If bonds are originally sold at a discount using the straight-line amortization method

• A) interest expense in the earlier years of the bond's life will be less than the interest to be paid.
• B) interest expense in the earlier years of the bond's life will be the same as interest to be paid.
• C) unamortized discount is subtracted from the face value of the bond to determine its carrying value.
• D) unamortized discount is added to the face value of the bond to determine its carrying value.

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Definitions:

Mortality

The condition of being susceptible to death or the occurrence of fatalities within a group of people.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, discussion, and research.

Black Death

The devastating global epidemic of bubonic plague that struck Europe and Asia in the mid-14th century, killing millions of people and significantly impacting the course of history.

Well-to-do

Individuals or families that are comfortably wealthy or prosperous, often having more resources and financial security than the average.