Day 29 - 70% FAIL - Post Test

Question 1

What is true regarding a 10 year bond issued at 96 and fully redeemed at 102 3 years later?

Answer 1

A loss will be reported in income from continuing operations

MCQ-01505

Question 2

Accrual to Cash

Answer 2

1. CA increase Subtract
2. CA decrease Add
3. CL increase Add
4. CL decrease Subtract

MCQ-08564