When bonds are issued at a premium and the effective

Reference no: EM13567785

1 We expense internally generated intangible assets, such as research and development and advertising costs, as we incur them

1. True

2 . False

2. Which of the following are included in an employer's payroll tax expense?

A Employer portion of FICA taxes.

B Federal unemployment taxes.

C State unemployment taxes.

D All of the other answers are correct

3 When bonds are issued at a premium and the effective interest method is used for amortization, at each subsequent interest payment date, the cash paid is:

A Less than the interest expense.

B Equal to the interest expense.

C Greater than the interest expense.

D More than if the bonds had been sold at a discount.

Reference no: EM13567785

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