Kendall Corp

question 105

Multiple Choice

Kendall Corp.purchased at par value $75,000 of Shrem Company's 8% bonds that mature in three-years.The bonds pay interest semiannually on June 1 and December 1.Kendall plans to hold the bonds until they mature.When the bonds mature,Kendall should prepare the following journal entry:

• A)debit Debt Investments−HTM,$75,000; credit Cash,$75,000.
• B)debit Cash,$6,000; credit,Unrealized Gain-Equity,$6,000.
• C)debit Cash,$75,000; credit Debt Investments−HTM,$75,000.
• D)debit Unrealized Gain-Equity,$6,000; credit Cash,$6,000.
• E)debit Cash,$75,000; credit Debt Investments−Trading,$75,000.

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Definitions:

Implicit Motivation

Refers to motivation that is unconscious, driving behavior without the individual being consciously aware of the motivating factors.

Approach Motivation

The drive to move towards, seek out, or achieve positive outcomes.

Avoidance Motivation

A behavioral response aimed at avoiding negative outcomes or stimuli, where actions are taken to prevent or minimize unpleasant or harmful consequences.

Intrinsic Motivation

The drive to engage in activities for their own sake, based on internal rewards such as satisfaction, enjoyment, or a sense of accomplishment.