Cash budgets are required by ________.
A) U.S. GAAP
B) IFRS
C) both U.S. GAAP and IFRS
D) neither U.S. GAAP nor IFRS
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Q. 2) _____________________________
_ helps to solve the problem posed by single key cryptography by employing a pair of matched keys for each system user, one private (i.e., known only to the party who possesses it) and one public.
Fill in the blank(s) with correct word
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Q. 3) On January 1, 2011, Alpha Company issued 1,000,000 of 5, 20-year bonds to buy a new computerized accounting system. The market rate of interest was 6. The bonds pay interest annually on December 31.
On its balance sheet at December 31, 2011, Alpha will show bonds payable of 1,000,000 ________.
A) minus the unamortized discount
B) plus the unamortized discount
C) minus the unamortized premium
D) plus the unamortized premium
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Q. 4) Match each of the following items with the appropriate situation below
a. secured bonds
b. unsecured bonds
c. term bonds
d. serial bonds
______ 1. Team Shirts sells bonds backed by the value of its printing machines.
______ 2. Team Shirts issued bonds that mature in 2011, 2012, 2013, and 2014.
______ 3. Team Shirts issued bonds that mature in 2015.
______ 4. Team Shirts issued bonds that are backed by the credit rating of Team Shirts.
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Q. 5) To the seller, a cash discount is also considered a(n) ____________________.
Fill in the blank(s) with correct word
(
Q. 6) Intangible assets are depreciated over their useful lives.
Indicate whether the statement is true or false
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