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A friend of you, knowing you are an accounting major, approaches you with the following ideas concepts: 1. Bonds can only be issued with a
A friend of you, knowing you are an accounting major, approaches you with the following ideas concepts:
1. Bonds can only be issued with a positive yield. The headline on the newspaper indicating bonds with a negative yield is completely nonsens
2. Using straight-line method to detemine interest on bonds will result in a lower amount of total interest expense over the life-span of bonds than using effective interest method.
Comments on his ideas concepts. Give him some examples that maybe his ideas concepts might be incorrect
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