Final 21-30 - Question 21 1 out of 1 points Straightline...

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Question 21 1 out of 1 points Straight-line  amortization of  bond discount or  premium: Answer Selected Answer: D. provides the same total amount of interest expense over the life of the  bond issue as does the effective interest method. Correct Answer: D. provides the same total amount of interest expense over the life of the  bond issue as does the effective interest method. Question 22 1 out of 1 points In February, 2011,  Despot declared  cash dividends of  $12 million to be  paid in April of  that year. What  effect did the  April transaction  have on Despot's  accounts? Answer Selected Answer: Decreased assets and liabilities.  Correct Answer: Decreased assets and liabilities. 
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Question 23 1 out of 1 points Footnote  disclosure is  required for  material potential  losses when the  loss is at least  reasonably  possible: Answer Selected Answer: even if the amount is not reasonably estimable.
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Final 21-30 - Question 21 1 out of 1 points Straightline...

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