An accountant has encountered a perplexing financial reporting issue related to the private college for which he is preparing financial statements. the issue is not specifically addressed by fasb statements. to what standards would the accountant first look for guidance? a) gasb statements.
b) aicpa accounting and auditing guide, not-for-profit organizations.
c) aicpa accounting and auditing guide, audits of colleges and universities and/or aicpa sop 74-8, financial accounting and financial reporting by colleges and universities.
d) college textbooks.

ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?

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Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.