Amortization is the process of ________
A) increasing a bond discount over the life of the bond
B) increasing a bond premium over the life of the bond
C) adjusting the carrying value of the bond over the life of the bond
D) depreciating tangible long-term assets
C
Business
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Cost of goods sold is obtained from
a. analysis of all the control accounts in the cost system. b. the finished goods inventory records. c. the work in process inventory records. d. the Raw Materials Inventory control account.
Business
Jessie just bought an SUV and financed it with an automobile loan. She will pay 48 monthly payments of $425 each and one final payment of $3,000 . What type of clause is in her sales contract?
a. Repossession b. Acceleration c. Balloon d. Prepayment penalty
Business