A bond’s par value is not necessarily the same as its market value.

The state unemployment tax rates applied to an employer are adjusted according to an employer’s merit rating.

The cost of fees for insuring the title and any accrued property taxes are included in the cost of land.

A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference between par value and issue price for this bond is recorded as a:

The units-of-production method of depreciation charges a varying amount of expense for each period of an asset’s useful life depending on its usage.

Land improvements are:

A bond is an issuer’s written promise to pay an amount identified as the par value of the bond along with periodic interest payments. 

A company’s income before interest expense and income taxes is $350,000 and its interest expense is $100,000. Its times interest earned ratio is:

A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into. The loan is at 8% interest compounded annually. The present value factor for 3 years at 8% is 0.7938. The present value of an annuity factor for 3 years at 8% is 2.5771. The present value of the loan (rounded) is:

Land improvements are: