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

question 92

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 (iv) ?

• A)$33,000
• B)$27,000
• C)$36,000
• D)$24,000

---

Definitions:

Dissonant Behavior

Actions or conduct that is inconsistent with one's beliefs, values, or attitudes, often leading to discomfort or conflict.

Counterproductive Work Behavior

These are actions by employees that go against the objectives and interests of their employer, potentially harming the organization or its members.

Workplace Deviance Behavior

Actions by employees that violate organizational norms and policies, potentially harming the organization or its members.

Terminal Values

Values that influence the goals to be achieved or the end states of existence.