If bonds are issued initially at a discount and the effective-interest method of amortization is used, interest expense in the earlier years will be:
a. greater than if the straight-line method were used.
b. greater than the amount of the interest payments.
c. the same as if the straight-line method were used.
d. less than if the straight-line method were used.

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

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