1 point Unrealized holding gains and losses on available-for-sale securities increases or decreases stockholder's equity section of the balance sheet. * O True False Cost of issuance of bond should 1 point be recognized as a expense: * In the period when the bond is issued. In the period when the bond is redeemed. Over the life of the bond It is not an expense. Zero-interest bearing notes does 1 point not carry an implicit interest rate. True False 1 point Payroll taxes are paid by the employer * True False If performance obligation is not 1 point highly dependent on, or interrelated with, other promises in the contract, then each performance obligation should be accounted for separately.* True O False Premium or discount on held-to- 1 point maturity securities may be amortized using straight line method. * True False Write your student ID and name, write your student ID first. * Your answer Market rate is the rate of interest 1 point actually earned by bondholders. * True False 1 point Assurance warranties are not a separate performance obligation. O True False 1 point Revenue cannot be recognized until a contract exists. * a True False