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

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Definitions:

Self-Actualization

A term referring to the realization or fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.

Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Buddhist Term

Buddhist term encompasses the vocabulary related to Buddhism, its practices, philosophy, and doctrines, including concepts like karma, dharma, and nirvana.

Anicca

In Zen Buddhism, the recognition that all things are temporary and, therefore, it is best to avoid attachments to them.