Annika Has One Full Year to Go Before She Graduates

question 16

Multiple Choice

Annika has one full year to go before she graduates and begins interviewing. Which of the following steps should Annika take toward her formal preparation for job hunting?

• A) Select course projects and paper topics that will help her prepare for a job.
• B) Attend job seminars and job fairs.
• C) Join extracurricular organizations on campus and in the community.
• D) Get a co-op job or internship in her field of interest.
• E) Check out the services of her college placement and advising offices without enrolling.

---

Definitions:

Effective-Interest Method

A method of amortizing the discount or premium on bonds payable over the life of the bonds, providing a periodic interest expense that reflects a constant rate of interest.

Discount on Bonds Payable

The difference between the face value of a bond and its selling price when a bond is sold for less than its face value.

Interest Expense

The expenses an entity faces for borrowing money, encompassing loans, bonds, or credit lines.

Effective-Interest Method

An accounting practice used to allocate loan or bond interest expense over the life of the loan/bond based on the loan's/bond's yielding interest rate.