1. If the amount extracted from a coal mine was different every year for four years you would A. credit accumulated depletioncoal mine for the same amount each year. B. use the same depletion expense rate per unit each year. C. recompute the depletion expense rate per unit each year. D. debit depletion expense for the same amount each year. 2. If a $6000 10% 10-year bond was issued at 104 on October 1 2011 how much interest will accrue on December 31 if interest payments are made annually? A. None B. $150 C. $104 D. $500 3. Use the _______ principle to estimate warranty liabilities. A. objectivity B. entity C. matching D. conservatism4. Which marketable securities are reported at cost on the balance sheet date? A. Trading securities B. Trading and held-to-maturity securities C. Available-for-sale securities D. Held-to-maturity securities.
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