The De Minimis Amount of Discount for a 10-Year Bond

question 27

Multiple Choice

The de minimis amount of discount for a 10-year bond with a face value of $10,000 is how much?

• A)$0
• B)$200
• C)$250
• D)$2,000

---

Definitions:

Finished Goods Inventory

Completed products that are ready for sale but have not yet been sold.

Job Cost Sheets

Detailed records that document the costs associated with a specific job or project, including materials, labor, and overhead.

Specialized Equipment

Equipment that is designed for a specific industry or task, often requiring unique skills or knowledge to operate.

Custom Homes

Houses that are designed and built according to the specifications of a particular buyer.