On November 1, 20A, Katz Company Purchased Twenty $1,000, 9

question 139

Multiple Choice

On November 1, 20A, Katz Company purchased twenty $1,000, 9% bonds (interest is payable each April 30, and October 31) at 97. What is the amount that should be recorded in the long-term investment account on November 1, 20A?

• A) $20,000
• B) $18,800
• C) $20,600
• D) $19,400

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Definitions:

Reinforcement

In operant conditioning, any event that strengthens, or increases the frequency of, a desired behavior.

Strengthen Behaviour

The process of increasing the likelihood that a behavior will be repeated through reinforcement or reward.

Learning Theorists

Scholars and psychologists who study and develop theories about how people acquire knowledge, skills, attitudes, and behaviors.

Learning Process

The acquisition of knowledge or skills through study, experience, or teaching, which leads to a change in behavior or understanding.