Use the Following Information to Answer Questions

question 20

Multiple Choice

Use the following information to answer questions
Voters in Phillips City approved the construction of a new city hall building and approved a $5 million bond issue with a stated rate of interest of 6% to fund the construction.When the bonds were issued, they sold for 101.What are appropriate entries related to the premium?
-In the debt service fund

• A)Debit Cash $50,000; Credit Revenues $50,000; no other entries required.
• B)Debit Cash $50,000; Credit Other financing sources-transfer $50,000; No other entries required.
• C)Debit Other financing sources-transfer $50,000; credit Cash $50,000.
• D)No entry in the Debt Service Fund.

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Definitions:

Stressor

Any event, situation, or stimulus that causes stress or anxiety.

Organizational Commitment

An individual's psychological attachment to their organization, often reflecting in their willingness to remain a member and contribute to the organization's goals.

Citizenship Behaviors

Voluntary actions performed by employees that contribute to the overall well-being and atmosphere of the organization beyond their required duties.

Affective Commitment

An employee's emotional attachment to, identification with, and involvement in a particular organization, which influences their willingness to continue working there.