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Hunter-Best [27]
3 years ago
11

When a bond is sold at a​ discount, the maturity value is less than the present value of the principal and interest​ payments, b

ased on the market rate of interest on the date of issue.True / False.
Business
1 answer:
sweet [91]3 years ago
5 0

Answer:

given statement is False

Explanation:

solution

As given bond sold at the​ discount

maturity value less than present value

but maturity value can not be less than present value of principal and interest

because bond sold at the​ discount

if bond sold at the​ discount  than maturity value will be greater than the resent value of future cash​ flow

so we can say that given statement is False

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Answer:

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Explanation:

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3 years ago
TB 01-85 Payment of accounts payable decreases both I...
Eva8 [605]
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4 0
3 years ago
Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gera
dmitriy555 [2]

Answer:

The correct answer is (B)

Explanation:

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7 0
2 years ago
Read 2 more answers
Explain what lower of cost or market means in regards to reporting merchandise inventory on the balance sheet.
Degger [83]

Answer and Explanation:

Inventory is an asset and is posted on the asset side of the balance sheet. As per accounting standards regarding inventory valuation, it can be either valued at historical cost or at market price, whichever is lower.

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