Before starting pedigree pajamas, the owner of the company realized that he was treating his dog as if it were a child and that a lot of his friends did the same thing. so in what he perceived as a dog-friendly environment, he launched a line of doggie pajamas—available from size 6 for chihuahuas to size 30 for great danes. the ads for pedigree pajamas had to convince people that dogs slept better in pajamas. a product that has to create primary demand is more than likely in the stage of the product life cycle.
a. pioneering
b. introductory
c. maturity
d. growth
e. revitalization

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.