Reference no: EM132667615
Problem 1: The primary difference between revenue and unearned revenue is:
A. There is no difference. They both appear on the balance sheet at inception.
B. Revenue is posted to the income statement and unearned revenue is posted to the balance sheet.
C. Revenue is posted to the balance sheet and unearned revenue is posted to the income statement.
D. Revenue impacts the cash flow statement and unearned revenue does not.
E. Revenue does not impact the cash flow statement and unearned revenue does.
Problem 2: For a bond issued at a premium:
A. Net book value increases over time
B. Net book value decreases over time
C. Coupon payment is greater than interest expense
D. Coupon payment is lower than interest expense
E. B and C
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