When the Default Risk on Corporate Bonds Decreases,other Things Equal,the

question 71

Multiple Choice

When the default risk on corporate bonds decreases,other things equal,the demand curve for corporate bonds shifts to the ________ and the demand curve for Treasury bonds shifts to the ________.

• A) right; right
• B) right; left
• C) left; left
• D) left; right

Identify and explain the deficiencies of the modified cash basis in accounting for warranty costs.

Understand the accounting treatment of research and development costs under GAAP.

Identify the correct accounting for intangible assets with finite and indefinite lives.

Comprehend the differentiation between tangible and intangible assets.