Deregulation is the highest for ________
A) customer premises equipment
B) local telephone service
C) long-distance telephone service
D) All of the above are deregulated to about the same degree.
A
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Bonds issued at discount or premium On March 31, 2015 Louis Company issued $20,000,000 face amount of 7%, 5-year bonds payable, with interest payable each June 30 and December 31
The company received cash of $20,200,000, including the accrued interest from December 31, 2014. Louis uses the straight-line method of amortizing any discount or premium over the remaining life of the bonds - 57 months. (a) What was the amount of accrued interest received by Louis on March 31, 2015 when the bonds were issued? (Do not assume the bonds were issued at par.) $________________ (b) What was the amount of discount or premium on the bonds at issuance date? (Indicate discount or premium.) $________________ (c) What amount of cash is paid to bondholders for interest during year 2015? $________________ (d) What is Louis' total interest expense for year 2015 related to this bond issue? $________________ (e) What is the carrying value of this bond issue as of December 31, year 2015? $________________ What will be an ideal response?
U.S. GAAP and IFRS distinguish three categories of long-lived assets for purposes of measuring and recognizing impairment losses
Indicate whether the statement is true or false