A corporation issues $100,000, 10%, 5-year bonds on January 1, 2007, for $95,800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2007's adjusting entry is

Which of the following marketing applications is not an example of trace analysis?

A) A sample of 100 magazines were examined to determine how the portrayal of women in U.S. magazine advertisements has changed over the past 10 years. B) The selective erosion of tiles in a museum indexed by the replacement rate was used to determine the relative popularity of exhibits. C) The age and condition of cars in a parking lot were used to assess the affluence of customers. D) The magazines people donated to charity were used to determine people's favorite magazines.

Which of the following statements is not true concerning comprehensive and collision insurance?

A) If you are financing a car, this insurance is required by the lender. B) Financially, it is advisable to take out the lowest deductible possible. C) You may want to drop this coverage on an older car that is not being financed. D) The deductible is really a form of self insurance.