Kendall Corp

question 95

Multiple Choice

Kendall Corp.purchased at par value $160,000 of Barker Company's 7% bonds that mature in 10 months.The bonds pay interest semiannually on June 1 and December 1.Kendall plans to hold the bonds until they mature.The journal entry to record Kendall's purchase of the bonds is:

• A)debit Short-Term Investments-HTM $160,000;credit Cash,$160,000.
• B)debit Cash,$169,333;credit,Short-Term Investments-HTM $169,333.
• C)debit Cash,$160,000;credit Short-Term Investments-HTM $160,000.
• D)debit Long-Term Investments-HTM $160,000;credit Cash $160,000.
• E)debit Cash,$160,000;credit Long-Term Investments-HTM $160,000.

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Definitions:

Disciplinary Action

Actions taken by an employer in response to employee behaviors that violate company policies or standards, ranging from verbal warnings to termination.

Personnel Policies

The rules, guidelines, and procedures established by an organization to manage its workers and workplace environment.

Level of Absenteeism

The rate at which employees are absent from work, often used as a measure of workforce engagement and satisfaction.

Formal Disciplinary Action

Official measures taken by an organization against an employee for violating policies or standards, which may include warnings, suspension, or termination.