The First Step in a Training Program Is to Determine

question 23

Multiple Choice

The first step in a training program is to determine

• A)on-the-job training.
• B)the number of trainees.
• C)training needs.
• D)job instruction training.
• E)training evaluation.

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Definitions:

Effective Interest Method

A method of calculating the amortized cost of a bond and of allocating interest expense over the bond's life, based on the bond's yield at issuance.

Premium on Bonds Payable

The amount by which a bond's selling price exceeds its face value, reflecting higher-than-market interest rates.

Interest Payable

A liability account on a company's balance sheet representing the amount of interest expense that has been incurred but not yet paid as of the reporting date.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.