1 in effective method of bond amortization, we amortize same amount every period. true or false

2. Convertible bonds can be converted to common shares if it is premium. true/false

3. Regardless of the method of depreciation, total depreciation expense will be the same over an asset's useful life. true or false

4. Contingent liability is not likely but may have a significant negative effect on the company ...

a-we estimate and deduct from net income

b-we deduct if it is higher than the benchmark amount

c-none of them

d-we disclose in the notes of financial statements

5- In a straight-line amortization of a bond we amortize the same amount..

a-if the bond is discount bond

b-if the bond is premium bond

c-if the bond is par bond

d-none of them

ques-In the bond amortization we deduct the amortizing amount from the carrying value..

a-if it is discount

b-if it is premium

c-none of them

d-if it is par

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