A Company Issued Five-Year,7% Bonds with a Par Value of $100,000.The

question 145

Multiple Choice

A company issued five-year,7% bonds with a par value of $100,000.The market rate when the bonds were issued was 6.5%.The company received $101,137 cash for the bonds.Using the straight-line method,the amount of recorded interest expense for the first semiannual interest period is:

• A)$3,386.30
• B)$3,500.00
• C)$3,613.70
• D)$6,633.70
• E)$7,000.00

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Definitions:

Abiotic Factors

Elements of the nonliving, physical environment that affect a particular organism. Compare with biotic factors.

Temperature

A measure of the average kinetic energy of the particles in a system, indicating how hot or cold the system is.

Latitude

Latitude refers to a geographic coordinate that specifies the north-south position of a point on the Earth's surface.

Biological Magnification

The process by which the concentration of toxic substances increases in organisms at each successive level of the food chain.