11, Owners of coupon bonds are not required to pay income tax on the interest received.

True

False

12, Bonds must be issued on an interest payment date.

True

False

13, A company can change from one acceptable accounting principle to another as long as the change improves the usefulness of information in its financial statements or it is required by IFRS.

True

False

14, Earnings per share is the amount of income earned by each share of a company's outstanding common shares.

True

False

15, Retained earnings are part of the shareholders' claim on the company's net assets.

True

False

16, A bond is a written promise to pay an amount identified as the par value of the bond along with interest at a stated annual rate.

True

False