From SkyDrive, You Can Use Office Web Apps to Create

question 42

True/False

From SkyDrive, you can use Office Web Apps to create and edit Word, PowerPoint, Excel, and OneNote files provided that you are using a computer with Office 2010 installed.

---

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.