We have a $1,000, 8-year, 5% bond that is currently priced at 104 (104% of the par value or $1,040). We can calculate the current yield on this bond by solving for the discount rate. Select one: True False
1.
Answer the following:
a) We have a $1,000, 8-year, 5% bond that is currently priced at 104 (104% of the par value or $1,040). We can calculate the current yield on this bond by solving for the discount rate.
Select one:
True
False
b) The increase in pension obligation due to an employee working an additional year for the employer will cause the net pension liability on the
Select one:
True
False
c) For a lease that is accounted for as an operating lease by the lessee, the rent expense should be:
a. allocated and recorded as interest expense and
b. allocated and recorded as a reduction in the liability for leased assets and interest expense.
c. recorded as rent expense with no other entries recorded.
d. recorded as a straight-line lease expense with associated entries to record cash payment, reduce the liability, and amortize the right-of-use asset on the balance sheet.
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