The effective-interest amortization method allocates an amount of bond discount or premium, based on the stated rate of interest, to each interest period over the life of the bond

________ is the user testing of a completed information system using simulated data

A) Testing harness B) Beta testing C) Alpha testing D) Acceptance testing

If Ol' Fashioned Toys' revenues are less than its expenses during the accounting period:

A) owner's withdrawals increase net income. B) net income causes liabilities to decrease. C) the business will incur a net loss. D) owner's withdrawals increase owner's equity.