Which of the Following Is True of Trial Courts

question 6

Multiple Choice

Which of the following is true of trial courts?

• A) They lack jurisdiction over criminal offenses against the state.
• B) They are the highest courts of authority in the United States.
• C) They are also known as inferior courts.
• D) They handle cases that are first instituted in them.

Identify and apply the correct methods of amortization for bond discounts or premiums.

Distinguish between the book value and market value methods of accounting for convertible bonds and their impact on financial statements.

Recognize the significance and accounting treatment of the issuance of bonds with detachable stock warrants.

Analyze the effects of using incorrect amortization methods on the carrying amount of bonds.