Items Such as a Bond's Value,date,and Rate Are Specified in the

question 89

Multiple Choice

Items such as a bond's value,date,and rate are specified in the

• A)indenture.
• B)prospectus.
• C)equity preface.
• D)ledger.
• E)T-account.

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Definitions:

Rent Expired

The portion of the rental period that has elapsed or the cost of rent that has been used up over a specific accounting period.

Accounting Period

A specific time span for which financial records are maintained and reported, such as a fiscal year or quarter.

Accumulated Depreciation

The total amount of an asset's cost that has been allocated as depreciation expense since the asset was put into use.

Contra-Asset Account

An account shown on the balance sheet that reduces the value of a related asset, used for accumulated depreciation or allowances for doubtful accounts.