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NEW QUESTION: 1
How will profit or loss be affected by the amortization of a premium on bonds payable?
A. Interest expense is decreased, so profit or loss is increased
B. Interest expense is increased, so profit or loss is decreased
C. Interest income is increased, so profit or loss is increased. D Interest income is decreased, so profit or loss is decreased.
Answer: A
Explanation:
The entry is to debit interest expense, debit bond premium, and credit cash paid. Thus, the amortization of a premium on bonds payable reduces the interest expense, thereby increasing profit or loss.
NEW QUESTION: 2
Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?
A. View the Projected Balances Region on the Create Journal page
B. View the Account Inquiry window
C. Run Trial Balance.
D. Run the Journals- (132 Char) Report.
Answer: A
Explanation:
Use the projected balances feature to view the impact on account balances for selected subledger journal entry lines.
The projected balances flow has the following business benefits:
Creation and validation of unposted manual journal entries by providing knowledge users with immediate and relevant information about the account balances for the selected journal lines.
Validation and reconciliation of posted journal entries by providing immediate and relevant information about the account balances for the selected journal lines.
Reference: Fusion Applications Help, Viewing Projected Balances: Points to Consider
NEW QUESTION: 3
When a business analyst uses subject matter experts to define roles and identify influencers. which project artifact is created or updated?
A. SWOT analysis
B. RACI matrix
C. Stakeholder management plan
D. Stakeholder register
Answer: D