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for Case (C) Above, What Is the Transferred-Out (TO)

question 38

Multiple Choice

$$\begin{array} { l r r r } & \text { Case (A) } & \text { Case (B) } & \text { Case (C) } \\\text { Beginning Balance (BB) } & \$ 36,520 & \$ 15,10 0 & \$ 5,600 \\\text { Ending Balance (EB) } & ? & 11,400& 12,200 \\\text { Transferred In (TI) } & 166,200 & ? & 68,400 \\\text { Transferred Out (TO) } & 164,400& 93,200 & ?\end{array}$$

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For Case (C) above, what is the Transferred-Out (TO) ?

• A) $75,000.
• B) $61,800.
• C) $68,400.
• D) $80,600.

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Definitions:

Cash Payment

A transfer of cash from one party to another, often as payment for goods or services.

Bond Discount Amortization

This is the process of gradually expensing the difference between a bond's face value and its purchase price over its life, reflecting an increase in the bond's book value.

Straight-Line Amortization

A method of uniformly reducing the book value of an intangible asset over its useful life.

Interest Expense

The expenditure faced by a company for financing through borrowed resources during a defined time.