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

question 160

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 first interest payment using the effective interest method of amortization is:

• A)Debit Interest Expense $12,487.08;debit Premium on Bonds Payable $1,012.92;credit Cash $13,500.00.
• B)Debit Interest Payable $13,500;credit Cash $13,500.00.
• C)Debit Bond Interest Expense $12,487.08;debit Discount on Bonds Payable $1,012.92;credit Cash $13,500.00.
• D)Debit Bond Interest Expense $14,717.70;credit Premium on Bonds Payable $1,217.70;credit Cash $13,500.00.
• E)Debit Bond Interest Expense $12,282.30;debit Premium on Bonds Payable $1,217.70;credit Cash $13,500.00.

Analyze the representation disparity between the four designated groups in the Canadian labour force and the general population.

Recognize federal and provincial programs and legislation that mandate employment equity and discrimination prevention.

Assess the role of gender in occupational segregation and the wage gap in Canada.

Understand the enforcement mechanisms of provincial human rights laws.

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Definitions:

Separate Identity

The concept of maintaining a distinct cultural, ethnic, or personal identity separate from a dominant or mainstream group.

Slave Control

Measures and systems implemented to dominate, discipline, and restrict the freedoms of enslaved individuals, ensuring their submission and productivity.

Mixed Descent

Refers to individuals whose heritage or ancestry includes more than one racial or ethnic group.

Residents of Louisiana

refer to the people living in Louisiana, a state in the southern part of the United States known for its distinct culture, which blends French, African, Spanish, and American influences.