The Default Accounting Number Format Adds Dollar Signs and ____

question 37

Multiple Choice

The default Accounting Number format adds dollar signs and ____ decimal places to the data.

• A) one
• B) two
• C) three
• D) four

---

Definitions:

Unamortized Discount

The portion of a bond discount that has not yet been charged to expense because the bond has not reached its maturity.

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes (EBIT) to its interest expenses.

Callable Bonds

A type of financial instrument that allows the issuer to buy them back prior to the expiration date, for a pre-determined price.

Bond Indenture

A legal contract specifying the terms and conditions under which a bond is issued, including interest payments and repayment at maturity.