Choose the Correct Statement with Respect to the Function of a Flexplate

question 127

Multiple Choice

Choose the correct statement with respect to the function of a flexplate and its components.

• A) A flexplate is used in the manual transmission.
• B) The large mass of the torque converter dampens the engine pulses in a flywheel.
• C) If the ring gear wears out, it can be replaced individually.
• D) Ring gears should be welded to the torque converter.

---

Definitions:

Bond Issuance Costs

These are expenses that a company incurs when it issues bonds, including legal, accounting, and underwriting fees.

Premium Amortization

The process of gradually expensing the premium paid above a bond's face value over the remaining life of the bond.

Effective-interest Method

The effective-interest method is a technique used in amortizing the discount or premium on bonds payable, where the interest expense recorded over time corresponds to the bond's carrying value.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, recognized on the income statement.