In Each of the Following Plans, One Detail Has Nothing

question 37

Multiple Choice

In each of the following plans, one detail has nothing to do with the topic sentence; it is merely a bit of irrelevant information. Select the letter of the irrelevant detail. The beautiful bride wore traditional wedding attire.

• A) long white veil
• B) white satin shoes
• C) floor-length white gown covered in beads and lace
• D) a dainty pearl necklace borrowed from her grandmother
• E) a blue garter around her leg
• F) a Mickey Mouse watch

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Definitions:

Sold At A Discount

Refers to selling an asset or security for a price that is less than its face value or original purchase price.

Fair Value Option

An accounting strategy giving companies the choice to measure financial assets and liabilities at fair value, to provide a more accurate picture of current market value.

Financial Instruments

Contracts that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Debt Issue Costs

Expenses incurred when a company issues debt, such as bonds, including legal, underwriting, and registration fees.