Laura White enjoys her job as an elementary school teacher because she feels she is doing something important, even though the pay is poor and she receives little recognition in the community. Laura's work values are ________

Which of the following items would be reported net of tax on the face of the income statement?

a. Prior period adjustment b. Unusual gain c. Cumulative effect of a change in an accounting principle d. Discontinued operations

A zero coupon bond

A) pays no annual interest. B) sells at face value. C) are a poor choice for retirement funds. D) depreciates in value as it matures.