QUESTION 65 For a bond issue that sells for more than the bond face amount, the effective interest rate is: The rate printed on the face of the bond The Wall Street Journal prime rate. More than the rate stated on the face of the bond. OLess than the rate stated on the face of the bond. QUESTION 66 _ means that a person acts according to conscience, regardless of the situation. Caring Fairness Integrity Respect Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers WE P 21 QUESTION 63 1 p All of these answer choices are correct. Amounts of known misstatement is documented in the management representation letter Estimate of the total known and likely misstatements is less than a material amount Estimate of the total likely misstatement includes sample error Account of known misstatement is acknowledged and recorded by the client 1 pe QUESTION 64 Nenn Co.'s allowance for uncollectible accounts was $190,000 at the end of 2014 and $180,000 at the end of 2013. For the year ended December 31, 2014, Nenn reported bad debt expense of $26,000 in its income statement. What amount did Nenn debit to the appropriate account in 2014 to write off actual bad debts? $10,000 $16,000 $26,000 $36,000 Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers. W 21 QUESTION 61 The control environment is a component of a company's internal control system that: Influences the control awareness of a company's employees Stresses the development of control procedures in a company Directly affects the accuracy and reliability of a company's accounting data Can be ignored when establishing a company's internal control system QUESTION 62 Of the four parts of the AICPA's Code of Professional Conduct, which part is enforceable? OEthical Rulings Rules of Conduct Principles Interpretations Click Save and Submit to save and submit. Click Save All Answers to save all answers. 21