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NEW QUESTION: 1
Oakmont Corporation issued $ 100,000 of callable bonds on 1/1/99 at a coupon rate of interest of 7%.
The bonds sold at a discount which resulted in an effective yield of 8% to the bond investors. On January
1 , 2000, the yield on these bonds fell to approximately 7% as market conditions led to an increase in bond prices. What change, if any, should Oakmont make to its accounting records to reflect the change in the yield?
A. No change is made to the accounting records
B. Increase the carrying value of the bonds payable
C. Compute future interest expense based on the 7% new effective rate
Answer: A
Explanation:
The only yield used to compute the carrying value is the one in effect when the bonds are sold. After that time, the bonds are always valued at that historical cost adjusted for amortization.
NEW QUESTION: 2
What is the correct sequence of steps to enable MPIO on a Microsoft Windows 2012 Server?
Answer:
Explanation:
NEW QUESTION: 3
By default, which Take Action commands does the agent for HTTP Servers provide?
A. stop, start, and recycle a Web Server
B. stop, start, and recycle of the agent for HTTP Servers (KHT)
C. increase or decrease Web Server logging levels
D. clear the webserver logs
Answer: A
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