Facilities That Collect and Distribute Food Donations to Authorized Organizations

question 7

Multiple Choice

Facilities that collect and distribute food donations to authorized organizations feeding the hungry are called:

• A) food recovery centers.
• B) food banks.
• C) food pantries.
• D) emergency kitchens.

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Definitions:

Unamortized Bond Discount

The part of the bond issue price that is below its face value and has not yet been expensed in the company's financial statements.

Market Rate

Market rate, often referred to as the going rate, is the standard or average price of a good or service in a certain market at a given time.

Straight-Line Method

A depreciation technique that allocates an equal proportion of the cost of an asset to each year of its useful life.

Amortize Discount

The process of gradually writing off the discount on bonds payable over the life of the bond, effectively recognizing some interest expense each period.