Under IFRS, there is no need to use the weighted-average accumulated expenditures to determine capitalizable interest

Paid-in capital in excess of par represents a firm's book value received from the original sale of common stock

Indicate whether the statement is true or false

A(n) ________ is a paid individual, corporation, or a commercial bank trust department that acts as a third party to a bond indenture

A) trustee B) investment banker C) bond issuer D) bond rating agency