Question 1 1 pts If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at an amount The answer cannot be determined from the information given. equal to the face value less than face value greater than face value Question 2 1 pts Which of the following will have no effect on an employee's take-home pay? marital status number of exemptions claimed unemployment tax social security tax Question 3 1 pts Which of the following is not a characteristic of a general partnership? The partnership is created by a contract. Partners share equally in net income or net losses unless an agreement states differently. Mutual agency exists. Dissolution occurs only when all partners agree. Question 4 1 pts Which of the following is a contingent liability? Note payable with interest included in face amount Property tax liability Disputed additional tax assessment Excise tax payable Question 5 1 pts An acceleration in the collection of receivables will tend to cause the accounts receivable turnover to decrease increase remain the same either increase or decrease