Which of the Following Statements Is True About the Margins

question 9

Multiple Choice

Which of the following statements is true about the margins of a business letter?

• A) The top margin of a letter should be 2-2½ inches.
• B) The side margins should be ¾ inch to 1 inch wide.
• C) The bottom margin should be larger than the top margin.
• D) The margins on all four sides of the letter should always be equal.

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Definitions:

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.

Unamortized Discount

The portion of a bond discount that has not yet been amortized (expensed) over the life of the bond.

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting accumulated depreciation or amortization.

Premium On Bonds

The amount by which the price paid for a bond exceeds its face value, often due to interest rates being lower than the bond's coupon rate.