Interest rate risk is the risk that results from the changes in interest rates and thereby impact the bond value

The negotiability of an instrument is affected if it is undated.

a. true b. false

The budgeted income statement________

A) reports cash paid for purchases of direct materials B) includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets C) is accrual-based D) does not include depreciation expense