The Following Partial Amortization Schedule Is Available for Courtney Company $\text { BOND AMORTIZATION SCHEDULE }$

question 143

Multiple Choice

The following partial amortization schedule is available for Courtney Company who sold $750,000, five-year, 10% bonds on January 1, 2017 for $780,000 and uses annual straight-line amortization. $\text { BOND AMORTIZATION SCHEDULE }$
$\begin{array}{|l|c|c|c|c|c|}\hline \text { Interest Periods } & \begin{array}{c}\text { Interest } \\\text { to be paid }\end{array} & \begin{array}{c}\text { Interest } \\\text { expense }\end{array} & \begin{array}{c}\text { Premium } \\\text { Amortization }\end{array} & \begin{array}{c}\text { Unamortized } \\\text { Premium }\end{array} & \begin{array}{c}\text { Bond Carrying } \\\text { Value }\end{array} \\\hline \text { January 1,2017 } & & & & \$ 30,000 & \$ 780,000 \\\hline \text { January } 1,2018 & \text { (i) } & \text { (ii) } & \text { (iii) } & \text { (iv) } & (\mathrm{v}) \\\hline\end{array}$ Which of the following amounts should be shown in cell (i) ?

• A)$78,000
• B)$81,000
• C)$75,000
• D)$15,000

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Effective Leadership Style

The manner or approach of leading that successfully inspires and guides individuals or groups towards achieving organizational goals.

Situation

A set of circumstances or a scenario in which individuals find themselves, affecting their behavior and decision-making.

Main Limitation

the primary constraint or shortcoming that restricts effectiveness, progress, or development in a certain context or system.

Consideration

A leadership behavior characterized by showing concern and respect for followers, looking out for their welfare and creating a friendly work environment.