On January 1,a Company Issues Bonds Dated January 1 with a Par

question 66

Multiple Choice

On January 1,a company issues bonds dated January 1 with a par value of $300,000.The bonds mature in 5 years.The contract rate is 9%,and interest is paid semiannually on June 30 and December 31.The market rate is 8% and the bonds are sold for $312,177.The journal entry to record the issuance of the bond is:

• A)Debit Cash $312,177;credit Discount on Bonds Payable $12,177;credit Bonds Payable $300,000.
• B)Debit Cash $300,000;debit Premium on Bonds Payable $12,177;credit Bonds Payable $312,177.
• C)Debit Bonds Payable $300,000;debit Bond Interest Expense $12,177;credit Cash $312,177.
• D)Debit Cash $312,177;credit Premium on Bonds Payable $12,177;credit Bonds Payable $300,000.
• E)Debit Cash $312,177;credit Bonds Payable $312,177.

Understand and describe the causes and management of different types of burns.

Demonstrate knowledge of basic first aid principles and emergency response techniques.

Distinguish between different medical tools and their uses in specific situations.

Explain the physiological responses to injuries, such as sprains and strains, and their appropriate treatments.

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Definitions:

Celebrity Endorser

A well-known person who uses their fame and influence to promote a product or service, often in advertising campaigns.

Teen Music Group

Bands or music groups primarily composed of teenagers, often targeting a young audience with their themes and styles.

Market Segmentation

The process of dividing the market into groups of customers with different needs, wants, or characteristics—who therefore might appreciate products or services geared especially for them.

Customers

Individuals or entities that purchase goods or services from a business.