A Good Is Excludable If

question 121

Multiple Choice

A good is excludable if

• A)one person's use of the good diminishes another person's enjoyment of it.
• B)the government can regulate its availability.
• C)it is not a normal good.
• D)people can be prevented from using it.

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Definitions:

Discount Amortization

The process of gradually writing off the discount on bonds payable over the life of the bonds.

Bond Interest

The periodic payment made by bond issuers to bondholders, usually expressed as a percentage of the face value of the bond.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Face Value

The nominal value or dollar value printed on a bond, stock, or other financial instrument, indicating its worth at maturity.