45 6 7 Please answer the questions i need it asap 45. What is the effect of bond discount amortization on the interest income over the life andcarrying value of term bonds purchased and measured at amortized cost?Interest incomeIncreasingDecreasingIncreasingDecreasingCarrying valueIncreasingDecreasingDecreasingIncreasinga.b.C.d.6. The new term to describe the statement containing the profit or loss items together with theother comprehensive income items isa. Statement of comprehensive incomeb. Statement of financial positionc. Statement of financial performanced. Income and expense statement7. Which of the following business transactions is/are recordable?I. An inquiry from a customerII. A purchase order sent to supplierIII. A sales order sent to customerIV. An approved purchase order from a customer.a. I, Il and IVb. IIl and IVc. II, III and IVd. I, II, III and IV

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Answered: 45. What is the effect of bond discount…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Unit 1 question 16
Lignin is a basic component of almost any plant that grows, so it is one of the most abundant organic compounds in the world. Almost anything derived from oil can be made out of lignin. The question is "can we do it cost-effectively and consistently?" A startup company has developed a process to derive plastics, carbon fiber and other advanced materials from lignin. The cash flow diagram for this process is shown below (in $ millions). If the company's hurdle rate (MARR) is 20% per year, is this a profitable undertaking? Click the icon to view the diagram for cash flows. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 20 per year. The present worth of the venture is $ million. (Round to two decimal places.)
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45. What is the effect of bond discount amortization on the interest income over the life and carrying value of term bonds purchased and measured at amortized cost? Interest income Increasing Decreasing Increasing Decreasing Carrying value Increasing Decreasing Decreasing Increasing a. b. С. d.