Generally Accepted Accounting Principles Require That Interest Expense Be Measured

question 186

True/False

Generally accepted accounting principles require that interest expense be measured using the effective-interest amortization method,unless the straight-line amounts are similar.

---

Definitions:

Pie Chart

A circular statistical graphic which is divided into slices to illustrate numerical proportion.

Frequency Polygon

A graphical device for understanding the shapes of distributions. They are a type of line graph.

Dichotomous

A characteristic of variables that can take on exactly two distinct and mutually exclusive values.

Level Of Measurement

The classification of data based on the nature and the mathematical properties of the data values, such as nominal, ordinal, interval, and ratio scales.