Expert power is informal power that stems from superior ability or expertise in performing a task

Muir, Ltd. measures its trading securities at fair value. It has liabilities that it also measures using the fair value option. Muir has bonds outstanding (originally sold for $2,400,000) in the amount of $2,000,000 with a current bond premium of $340,000. The bonds were selling at 101 on the market on December 31. If its Fair Value Adjustment on Bonds Payable account currently contains a debit

amount of $400,000, what adjustment is necessary to report the value of the bonds under the fair value option. A) Date Account Debit Credit December 31 Unrealized Loss on Bonds Payable 180,000 Fair Value Adjustment-Bonds 180,000 B) Date Account Debit Credit December 31 Unrealized Loss on Bonds Payable 80,000 Fair Value Adjustment-Bonds 80,000 C) Date Account Debit Credit December 31 Fair Value Adjustment-Bonds 80,000 Unrealized Loss on Bonds Payable 80,000 D) Date Account Debit Credit December 31 Fair Value Adjustment-Bonds 180,000 Unrealized Loss on Bonds Payable 180,000

The optimal level of inventory is the level that minimizes the total inventory ordering costs as well as the inventory carrying costs and the costs of not having inventory on hand when needed

Indicate whether the statement is true or false